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flag OPEC forecasts global oil demand to surge 19% by 2050, driven by growth in India and Africa.

flag OPEC predicts global oil demand will rise by 19% to 123 million barrels per day by 2050, driven by population and economic growth, especially in India and Africa. flag OPEC's Secretary-General, Haitham Al Ghais, emphasized the need for expanding energy supply and modern technologies, while also stressing there is no peak oil demand on the horizon. flag This forecast contrasts with the International Energy Agency's view that demand will peak by 2030.

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