OPEC Secretary General Arges said at a meeting in Canada on Tuesday that oil demand will continue to grow strongly over the next 25 years as the world's population grows. The organization predicts that global energy demand will grow by 24% between now and 2050, and oil demand will exceed 120 million b/d during this period. He pointed out that OPEC believes “crude oil demand will not peak in the foreseeable future.” Arges said that OPEC attaches great importance to climate change, but must focus on reducing emissions rather than selecting energy sources.

OPEC Secretary General Arges said at a meeting in Canada on Tuesday that oil demand will continue to grow strongly over the next 25 years as the world's population grows. The organization predicts that global energy demand will grow by 24% between now and 2050, and oil demand will exceed 120 million b/d during this period. He pointed out that OPEC believes “crude oil demand will not peak in the foreseeable future.” Arges said that OPEC attaches great importance to climate change, but must focus on reducing emissions rather than selecting energy sources.