1. OPEC Turbocharges Long-Term Demand Outlook Meeting in Vienna this week for its biennial seminar, OPEC has projected an even more bullish outlook for crude oil consumption than its previous forecasts, expecting global demand to hit 122.9 million b/d by 2050. Discarding environmentalist agendas promoted by Western governments as ‘unworkable’, the oil group is seeing India, Southeast Asia, the Middle East and Africa as the four main pillars of demand growth in the next 25 years. Simultaneously, OPEC has also cut its 2026-2029…
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