Alberta's energy minister is unconcerned about a new report by the Organization of the Petroleum Exporting Countries (OPEC) that suggests demand for oil will plateau in a decade. OPEC itself believes that oil will remain the largest contributor to the energy mix through 2045." The OPEC's World Oil Outlook covers the period from 2020 to 2045. According to the report, demand for oil in 2020 is 90.7 million barrels a day. "Global oil demand will grow at relatively healthy rates during the first part of the forecast period before demand begins to plateau over a relatively long period during the second half," the report said.

Source: CBC News October 09, 2020 00:56 UTC