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Middle East to dominate oil exports by 2050, says Opec

Opec secretary general Haitham Al Ghais at the Rio Oil & Gas & Energy 2024 meeting in Brazil last month Reuters/Pilar Olivares
Opec secretary general Haitham Al Ghais at the Rio Oil & Gas & Energy 2024 meeting in Brazil last month

Bloc reveals long-term outlook

Demand rising in Asia-Pacific region

Imports to hit 34m bpd by 2050

The Middle East is forecast to provide almost 60 percent of the world's oil exports by 2050, according to Opec’s long-term outlook.

It...