Back to today’s briefing

Story perspectives

OPEC Projects Oil Demand Surpassing 120 Million Barrels by 2050

6/12/2025

43 8

Summary

Story summary

At the Global Energy Show in Calgary, OPEC's Secretary-General Haitham al-Ghais projected that global oil demand will soar past 120 million barrels per day by 2050. He voiced concerns over the International Energy Agency's erratic policies, warning they jeopardize crucial investments. Al-Ghais underscored the importance of diverse energy sources and OPEC's dedication to climate technology and global cooperation.

1 of 1

Story summary

At the Global Energy Show in Calgary, OPEC's Secretary-General Haitham al-Ghais projected that global oil demand will soar past 120 million barrels per day by 2050. He voiced concerns over the International Energy Agency's erratic policies, warning they jeopardize crucial investments. Al-Ghais underscored the importance of diverse energy sources and OPEC's dedication to climate technology and global cooperation.