Highlights Global oil demand forecast to grow almost 20% from 2020-2045 Oil to comprise 28% of 2045 energy demand, renewables 10% Aviation sector won’t fully recover from pandemic until 2024 Accelerated momentum behind energy transition will take but a small bite out of oil, with liquid fuels remaining the largest source of energy over the coming decades, OPEC said Sept. 28, casting doubt on the ability of renewables to reach significant scale. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The organization predicted that long-term global oil demand will rise almost 20% from a pandemic stricken 90.6 million b/d in 2020 to 108.2 million b/d in 2045, from which it will remain largely flat. The growth will be frontloaded in the first five years, when oil demand will rise 2.6 million b/d annually to 103.6 million b/d in 2025, surpassing pre-pandemic levels, before […]