Crude will remain the number one fuel in the world’s energy mix due to the focus on energy security, the report says Global oil demand will continue to rise in the medium and longer term even as the world moves to renewable energy, and the industry will require trillions of dollars in investment to meet the demand, OPEC said in its 2022 World Oil Outlook issued this week. According to OPEC Secretary General Haitham Al Ghais, “the overall investment number for the oil sector is $12.1 trillion out to 2045,” which is higher than last year’s assessment. The report says global oil demand will reach 103 million barrels
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