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OPEC raises long-term demand forecasts in rejecting peak oil

Global oil demand will keep rising through at least 2050, OPEC said Sept. 24, as the crude exporting bloc continues to challenge environmental activists and policy makers seeking to curb fossil fuel production and consumption. “There is no peak demand on the horizon,” OPEC Secretary General Haitham al-Ghais said in the organization’s World Oil Outlook, ...

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