| By 2040, energy demand is expected to increase by 60 percent to 256 million barrels oil equivalent per day (mb/d), according to OPEC's report: World Oil Outlook for 2014. The Organization of the Petroleum Exporting Countries, or OPEC, released its outlook for 2014, examining the main issues and drivers that could affect oil and energy markets in the medium to long term between 2014 and 2040, on Thursday.
While energy demand is expected to increase by 60 percent by 2040, global oil demand is expected to increase by over 21 mb/d by 2040, to reach 111 mb/d, the report said...............................................Full Article: Source
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