OPEC Boosts Oil Demand Forecast to 2045 Despite Climate Crisis
- Demand to climb 16% to reach 116 million barrels a day in 2045
- OPEC output to rise even as members struggle with quotas
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OPEC raised forecasts for global oil demand through to the middle of the century, even as the world shifts away from fossil fuels to avert catastrophic climate change.
Oil consumption will climb 16% over the next two decades to reach 116 million barrels a day in 2045, about 6 million a day more than previously predicted, the Organization of Petroleum Exporting Countries said in its World Oil Outlook.