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Last updateFri, 23 Oct 2020 6pm

End-User News

OPEC: Oil, Followed Closely by Gas, to Remain Largest Energy Source

According to OPEC’s World Oil Outlook, oil is expected to retain the largest share of the energy mix throughout the outlook period, accounting for a 27% share in 2045. Natural gas will be the fastest-growing fossil fuel between 2019 and 2045 and, after oil, will remain the second-largest contributor to the energy mix in 2045 at 25%.

‘Other renewables’ – combining mainly solar, wind and geothermal energy – will grow by 6.6% p.a. on average, significantly faster than any other source of energy.

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