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OPEC held firm to projections that global oil demand will keep growing for another decade, and said it would be dangerous to abandon fossil fuels.  It said in its annual World Oil Outlook that oil consumption will climb by 13% to reach 109.5 million barrels a day in 2035 and hold around this level for another decade.  OPEC Secretary-General Haitham Al Ghais reiterated the warning given at last year’s climate talks that a complete break with hydrocarbons is “potentially dangerous to a world that will continue to be thirsty for all energy sources.”

OPEC Says World Can’t Live Without Oil, Demand Will Keep Rising

OPEC held firm to projections that global oil demand will keep growing for another decade, and said it would be dangerous to abandon fossil fuels.  It said in its annual World Oil Outlook that oil consumption will climb by 13% to reach 109.5 million barrels a day in 2035 and hold around this level for another decade.  OPEC Secretary-General Haitham Al Ghais reiterated the warning given at last year’s climate talks that a complete break with hydrocarbons is “potentially dangerous to a world that will continue to be thirsty for all energy sources.”

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