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

This artist’s concept depicts one of two PREFIRE CubeSats in orbit around Earth.
NASA launches ground-breaking climate change satelliteNews

NASA launches ground-breaking climate change satellite

Washington, United States (AFP) - A tiny NASA satellite was launched Saturday from New Zealand with the mission of improving climate change prediction by measuring…
SourceSourceMay 25, 2024 Full article
Breathtaking sunset in the evening
June-August 2024 were hottest ever recorded: EU monitorNews

June-August 2024 were hottest ever recorded: EU monitor

By Benjamin LEGENDRE | AFP Paris, France - The 2024 northern summer saw the highest global temperatures ever recorded, beating last year's record and making…
SourceSourceSeptember 6, 2024 Full article
Image: Wind Farm (s. Denmark, wind farms)
Denmark earmarks $8.3 bn in aid for offshore wind farmsNews

Denmark earmarks $8.3 bn in aid for offshore wind farms

Copenhagen, Denmark | AFP Seeking to boost flagging investment in offshore wind power, Denmark's government on Monday announced aid of up to 55.2 billion kroner…
SourceSourceMay 19, 2025 Full article