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

Energy Institute -CSU, US
Colorado State secures $326M to cut methane emissions from oil and gasNews

Colorado State secures $326M to cut methane emissions from oil and gas

The Department of Energy and Environmental Protection Agency have awarded $326 million to three Colorado State University research projects that aim to improve U.S. oil…
SourceSourceJanuary 22, 2025 Full article
France’s historic D-Day beaches threatened by rising sea levelsNews

France’s historic D-Day beaches threatened by rising sea levels

By Matthieu CLAVEL | AFP Caen, France - As France prepares to mark 80 years since Allied forces landed on the beaches of Normandy, the…
SourceSourceMay 27, 2024 Full article
Graphic news (s. climate, science, research, scientists. emission targets, floods, environment)
Carbon capture startup Climeworks to cut staffNews

Carbon capture startup Climeworks to cut staff

Swiss firm Climeworks, which has pioneered the direct capture of CO2 using huge industrial fans in Iceland, is holding talks with staff representatives to cut…
SourceSourceMay 17, 2025 Full article