Skip to main content

Paris, France (AFP) – OPEC said Tuesday that phasing out oil was a “fantasy”, as the Saudi-led cartel forecast that demand would keep growing until at least 2050, a key year in the battle against climate change.

“There is no peak oil demand on the horizon,” OPEC Secretary General Haitham Al Ghais said in the group’s annual World Oil Outlook, which puts demand at 120.1 million barrels per day in 2050, a 17.5 percent increase from 2023.

ngu/nal/jum/lth/cw

© Agence France-Presse

Featured image credit: kjpargeter | Freepik.com

Satellite image: Jan Mayen island, Norway
Image of the day: Jan Mayen island, a remote Arctic outpostNews

Image of the day: Jan Mayen island, a remote Arctic outpost

Jan Mayen, a volcanic island in the North Atlantic, is one of Norway’s most isolated territories. Situated about 600 km northeast of Iceland and 950…
Muser NewsDeskMuser NewsDeskFebruary 27, 2025 Full article
Satellite imagery: Singapore therapeutic hardens
Image of the day: Singapore’s healing gardensNews

Image of the day: Singapore’s healing gardens

Singapore, renowned for its visionary urban planning and abundant green spaces, is charting a new course in mental health tourism with its therapeutic gardens. These…
Muser NewsDeskMuser NewsDeskJanuary 20, 2025 Full article
Satellite image: Gulf of Bothnia, Finland
Image of the day: Navigating icy waters in the Gulf of BothniaNews

Image of the day: Navigating icy waters in the Gulf of Bothnia

This image, captured by one of the Copernicus Sentinel-2 satellites on 3 February 2025, shows shipping lanes cutting through the icy waters of the Gulf…
Muser NewsDeskMuser NewsDeskFebruary 17, 2025 Full article