OPEC chief says contemporary demand for oil near record highs

The Organisation of Petroleum Exporting Countries (OPEC) estimates that global energy demand will increase by 23 per cent by 2045, OPEC Secretary General Haitham al-Ghais said, according to Report.

"Oil demand is expected to increase to about 110 million barrels per day. Thus, it is clear that oil will continue to be an important part of the global energy infrastructure in the coming decades. This is in stark contrast to many claims from past decades that the era of oil is over. Indeed, today's demand is close to record highs and will grow by almost 5 million barrels per day in 2023 and 2024," the OPEC secretary general said.

He believes that no single form of energy can currently meet expected future energy demand; instead, an "all-peoples, all-fuels and all-technologies" approach is required.