OPEC: GLOBAL ENERGY DEMAND WILL UP BY 33%
OPEC - World Oil Outlook 2040
Total primary energy demand is expected to increase by 91 mboe/d between 2015 and 2040 to reach 365 mboe/d in 2040
The Reference Case sees energy demand increasing from 274 million barrels of oil equivalent a day (mboe/d) in 2015 to around 365 mboe/d in 2040, with an average annual growth of 1.2% p.a. Almost 95% of the increase is accounted for by Developing countries (including China and India), with an…
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