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

Climate lawsuits against companies on the rise: report
Climate lawsuits against companies on the rise: reportClimateNews

Climate lawsuits against companies on the rise: report

By Linda GIVETASH | AFP Paris, France - Companies worldwide have faced mounting legal pressure to reduce their impact on global warming as activists use…
SourceSourceJune 27, 2024 Full article
Canada designates largest marine protected zone
Canada designates largest marine protected zoneNews

Canada designates largest marine protected zone

Montreal, Canada (AFP) - Canada said Thursday it had designated the country's largest marine protected zone off the coast of Vancouver, as it moves to…
SourceSourceJuly 12, 2024 Full article