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Opec has called for $12.1 trillion worth of investments in the oil industry over the next two decades to meet the rising demand for hydrocarbons, at least until the middle of the century.  “If $12.1 trillion investment isn’t realised (by 2045), consequences could be severe” Opec secretary general Haitham Al Ghais told the ADIPEC conference, adding that the crisis could be more severe than that being witnessed today.  Opec believes that global oil demand could rise from almost 97 million barrels per day in 2021 to around 110 million bpd in 2045.

Opec says $12.1 trillion investments required for oil industry until 2045

Opec has called for $12.1 trillion worth of investments in the oil industry over the next two decades to meet the rising demand for hydrocarbons, at least until the middle of the century.  “If $12.1 trillion investment isn’t realised (by 2045), consequences could be severe” Opec secretary general Haitham Al Ghais told the ADIPEC conference, adding that the crisis could be more severe than that being witnessed today.  Opec believes that global oil demand could rise from almost 97 million barrels per day in 2021 to around 110 million bpd in 2045.

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