2024WorldOilOutlook2050OrganizationofthePetroleumExportingCountriesWorldOilOutlook2050OrganizationofthePetroleumExportingCountries2024OPECisapermanent,intergovernmentalorganization,establishedinBaghdad,Iraq,on10–14September1960.TheOrganizationcomprises12Members:Algeria,RepublicoftheCongo,EquatorialGuinea,Gabon,theIslamicRepublicofIran,Iraq,Kuwait,Libya,Nigeria,SaudiArabia,theUnitedArabEmiratesandVenezuela.TheOrganizationhasitsheadquartersinVienna,Austria.DigitalaccesstotheWOO:aninteractiveuserexperience24/7DownloadOPECWOOAppAccesstheinteractiveversionOPEC’sWorldOilOutlook(WOO)ispartoftheOrganization’scommitmenttomarketstability.Thepublicationisameanstohighlightandfurthertheunderstandingofthemanypossiblefuturechallengesandopportunitiesfortheoilindustry.Itisalsoachanneltoencouragedialogue,cooperationandtransparencybetweenOPECandotherstakeholderswithintheindustry.AspartofOPEC’songoingeffortstoimproveuserexperienceoftheWOOandprovidedatatransparency,twodigitalinterfacesareavailable:theOPECWOOAppandtheinteractiveversionoftheWOO.TheOPECWOOAppprovidesincreasedaccesstothepublication’svitalanalysisandenergy-relateddata.Itisidealforenergyprofessionals,oilindustrystakeholders,policymakers,marketanalysts,academicsandthemedia.TheApp’ssearchengineenablesuserstoeasilyfindinformation,anditsbookmarkingfunctionallowsthemtostoreandreviewtheirfavouritearticles.Itsversatilityalsoallowsuserstocomparegraphsandtablesinteractively,therebymaximizinginformationextractionandempoweringuserstoundertaketheirownanalysis.TheinteractiveversionoftheWOOalsoprovidesthepossibilitytodownloadspecificdataandinformation,therebyenhancinguserexperience.AvailableforAndroidandiOS©OPECSecretariat,September2024Helferstorferstrasse17A-1010Vienna,Austriawww.opec.orgISBN978-3-9504890-8-8Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlook(the“WOO”)isforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norisitmeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesorMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.Fullreproduction,copyingortransmissionoftheWorldOilOutlookisnotpermittedinanyformorbyanymeansbythirdpartieswithouttheOPECSecretariat’swrittenpermission,however,theinformationcontainedthereinmaybeusedand/orreproducedforeducationalandothernon-commercialpurposeswithouttheOPECSecretariat’spriorwrittenpermission,providedthatitisfullyacknowledgedast...