According to Dow Jones, OPEC Secretary-General Mohammed Barkindo said at the Cambridge Energy Anniversary Conference in Houston that OPEC expects global oil demand to increase to 112 million barrels a day by 2040. “We don’t see any signs of oil demand peaking,” he said. Barkindo called on the oil industry to invest more to meet demand growth.
| PVA 1788 (PVA BP17) |