OPEC: Demand security key to oil market stability; Part 1 of 2

The world’s leading oil producers seek an accurate forecast of energy demand as they plan for the nearly $2 trillion they’ll need to invest through 2025 to ensure energy supplies.But the wide range of forecasts creates uncertainty, which raises investment risk, points out an outlook paper by the Organization of Petroleum Exporting Countries secretariat. Security of demand is therefore as important to producers as security of supply is to consumers.What’s certain, says the paper, “OPEC Oil Outlook to 2025” delivered at the International Energy Forum in Doha at the end of April, is adequacy of the petroleum resource.“The idea that oil production is soon t...

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