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Commodities Briefing - Categorized | Energy, Market Moves, Oil more

OPEC expects rise in energy demand, oil prices

Posted on 09 November 2012

The Organization of the Petroleum Exporting Countries expects world energy demand to climb by 54% over the 2010 to 2035 period, with oil remaining the energy type with the largest share, the cartel said in its World Oil Outlook report released Thursday.
Towards the end of that time period, however, coal’s share of energy demand will likely reach similar levels as that of oil, with oil’s share of energy demand falling to 27% by 2035 from 35% in 2010, the report said………………………………………..Full Article: Source

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