Oil demand growth to continue, no peak in sight, OPEC Secretary General says
1. OPEC projects robust oil demand growth over the next 25 years. 2. Rising global population drives long-term oil consumption expectations.
FAQ
Why Bullish?
OPEC's forecast suggests sustained oil demand, benefiting oil-focused ETFs like BNO.
How important is it?
Robust oil demand directly supports price increases, impacting BNO positively.
Why Long Term?
OPEC's long-term demand projections align with ongoing population growth, affecting future oil prices.