OPEC says oil demand will hit 110 million barrels per day in 2045

• Global oil demand will rise to 110 million barrels a day in about 20 years, pushing the world’s energy demand up by 23%, said OPEC on Monday.

• Oil is irreplaceable for the foreseeable future,” Secretary-General Haitham Al Ghais of the Organisation of the Petroleum Exporting Countries said while addressing the inaugural Energy Asia conference held in the Malaysian capital of Kuala Lumpur, we see global oil demand rising up to 110 million barrels a day by 2045,” he said, adding that oil will still comprise about 29% of the energy mix by then. 

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