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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

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. Its oil producers are pursuing aggressive marketing strategies aimed at Southeast Asia and the Pacific region, where energy demand is growing. The Middle East accounted for 49 percent of global crude and condensate […]

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