Date: 2 months ago   Category: Energy

The OPEC expects increase in the share in the market of oil to 36% by 2040 — Rambler News Service


The OPEC expects sharp increase in demand for the oil after 2025. Such assessment was given by experts of OPEC in the annual review of the organization — World Oil Outlook 2018. "The share of oil of OPEC in global supply of oil, according to expectations, will increase from 34% in 2017 up to 36% in 2040" — the organization According to the forecast notes, demand for oil of OPEC will grow from 32,47 million barrels a day in 2018 to 32,7 million barrels a day in 2020, and then will gradually decrease to 31,56 million barrels a day in 2023. By 2025 demand will be restored up to 32,14 million barrels a day then sharp increase in demand will begin. By this period of time, according to the forecast of the organization, extraction of slate oil in the USA and also oil production in the countries which aren't entering into OPEC will reach peak. As a result by 2040 demand for oil of OPEC will reach 39,9 million barrels a day.

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