Opec’s world oil outlook sees demand growing for another two decades
Contrary to what many oil companies are saying, as they move to new energy, Opec expects demand to return to pre-virus levels in 2022, even with fracking fading fast
08 October 2020 - 18:51
London — Oil cartel Opec expects to emerge from the pandemic with a greater share of global oil sales, after 2020’s price downturn battered rivals in the US and elsewhere.
Opec has boosted forecasts for the amount of oil it will need to supply over the next four years, shifting last year’s prediction that it would lose market share until the middle of the decade...
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