OPEC: Trillions Needed in Oil Investment to Meet Rising Global Demand

OPEC raised its estimate for medium- and long-term global oil demand, suggesting trillions in spending needed to meet it

Points to demand growth in China, India, Asia, Africa, Middle East

By 2045, sees need for 116M bpd oil, up from 99.6M bpd in 2022

Projects $14 trillion investment needed in oil sector through 2045

OPEC argues stopping new oil investments "could lead to energy and economic chaos"