Date: 9 months ago   Category: Energy

OPEC: oil will keep the first place in a world energy balance by 2040 — Rambler News Service


The OPEC has kept the last year's forecast according to which the oil share in a world energy balance will exceed a gas share by 2040. It is said in the annual review of the World Oil Outlook 2018 organization. According to the forecast of OPEC, during the considered period gas will become the most fast-growing type of fuel in a world energy balance, however won't be able to outstrip oil. As of 2015 which are given by OPEC the gas share in global demand for energy made 21,7% (59,4 million barrels of an oil equivalent a day of 273,7 million barrels of an oil equivalent a day), and an oil share — 31,5% (86,3 million barrels a day). By 2020 the share of gas will grow to 22,3% (66,1 million barrels of an oil equivalent a day from 297,1 million barrels of an oil equivalent a day), and the share of oil will decrease to 31,4% (93,4 million barrels a day), by 2030 the share of gas will increase up to 23,6% (79,1 million barrels of an oil equivalent a day from 334,9 million barrels of an oil equivalent a day), the share of oil will fall up to 29,5% (98,9 million barrels a day). As a result in 2040 the gas share in a world energy balance will make 25% (91,3 million barrels of an oil equivalent a day of 364,7 million barrels of an oil equivalent a day), and the share of oil will make 27,8% with a growth in absolute expression to 101,3 million barrels a day. The previous year the OPEC predicted that in 2040 the gas share in a world energy balance will make 25,1% (93,2 million barrels of an oil equivalent a day of 371,6 million barrels of an oil equivalent a day), and the share of oil will make 27,1%, with a growth in absolute expression to 100,7 million barrels a day.

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