$18 Trillion or Total Nonsense? The Oil Demand Divide ...Middle East

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$18 Trillion or Total Nonsense? The Oil Demand Divide
source : OILPRICE ( Middle East ) () 73
The world needs $18.2 trillion in new oil and gas investments in the period until 2050 in order to secure a sufficient supply. This is what OPEC warned in the 2025 edition of its World Oil Outlook. Yet the International Energy Agency continues to believe oil demand growth is going to peak before 2030, suggesting there is no such need for investments. Are both talking up their respective book? According to OPEC, global oil demand will reach 123 million barrels daily in 2050. That would be up from a projected 105 million barrels daily this year,…

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