OPEC Disputes Claims That Oil Use Has Peaked
Many oil industry analysts have openly questioned whether global demand for fossil fuels will ever reach its pre-pandemic highs. Notably, oil major BP (NYSE: BP) sees demand declining over the next 30 years, and suggests it may have already peaked.
Not so fast, says OPEC. The analytical arm of the oil cartel released a report on Thursday that anticipates oil consumption will grow for at least the next 20 years.
Image source: Getty Images.
Source Fool.com
