BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 10.Jul.2025, Words: 263) — The 2025 OPEC World Oil Outlook (WOO), launched, at the 9th OPEC International Seminar, estimates that the world will require more energy in the decades to come, with global energy demand set to be expand by 23% to 2050.
Global oil demand is set for continued robust growth, reaching almost 123 million barrels per day (MMb/d) by 2050, according to OPEC.
OPEC secretary general, HE Haitham Al Ghais said the world requires more energy in the decades to come, and “for this to be available in a secure, stable and realistic manner that the world will continue to need all energies.”
The analysis and key findings take on board recent energy and economic-related developments, particularly the substantial shifts in energy policy as decision-makers address the challenges of energy security, energy affordability and the need to reduce emissions, OPEC announced on 10 Jul. 2025 in an official statement.
The WOO also “underlines the need for all energies to address future energy needs, the significance of ensuring that necessary investments are made, which is linked to providing the right enabling environment, and the importance of bringing modern energy services to billions that continue to go without,” OPEC said.
“It is also a future in which we need to embrace all technologies, to drive innovation and efficiencies, and ensure that all peoples are taken into account, particularly given that it is the non-OECD developing world that will drive future energy growth,” Al Ghais said.
____________________
By Steve Stewart reporting from Baton Rouge. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
