OPEC: Trillions Needed in Oil Investment to Meet Rising Global Demand
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OPEC raised its estimate for medium- and long-term global oil demand, suggesting trillions in spending needed to meet it
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Points to demand growth in China, India, Asia, Africa, Middle East
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By 2045, sees need for 116M bpd oil, up from 99.6M bpd in 2022
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Projects $14 trillion investment needed in oil sector through 2045
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OPEC argues stopping new oil investments "could lead to energy and economic chaos"
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