Figure8.1GlobalprimaryenergydemandintheReferenceCaseandinalternativescenarios,2020-2045mboe/dSource:OPECNote:Renewablesincludehydro,biomassandotherrenewables(e.g.wind,solar,geothermal).AdvancedTechnologyLaissez-FaireReferenceCaseCoalOilGasRenewablesCoalOilGasRenewablesCoalOilGas202072.7183.0864.8654.1072.7183.0864.8654.1072.7183.0864.8654.10202174.7188.3166.3856.3374.7188.3166.3856.3374.7188.3166.3856.33202274.7291.3566.8757.8774.7291.3666.8657.8874.7291.3566.8757.87202372.4890.1266.9861.4074.6293.8968.0159.5574.4893.8167.9359.55202469.5990.8266.9064.1874.4395.3769.1261.3974.2295.1668.9261.38202565.7491.7263.1268.9574.2996.5370.2763.4273.9796.1369.9263.41202661.8592.0260.5872.5573.8097.4571.4365.3273.3996.8470.9165.28202757.9992.1958.7776.3173.1798.2972.5967.3872.7297.4371.8867.30202854.2092.2057.5080.0472.5399.0473.7569.5972.1098.0272.8969.46202950.9592.3156.6283.8271.8499.7074.9071.9971.4298.5073.8971.81203048.1892.5655.4987.8971.07100.2776.0674.6070.7398.8774.8974.37203145.4992.8954.5491.2670.21100.7977.2276.8569.9699.2075.8676.42203243.3092.9353.6294.5869.28101.2978.3679.2469.1499.4876.8278.59203341.0892.9952.7897.9468.31101.8079.4881.7868.2699.7677.7480.88203438.6693.0652.03101.2167.31102.2180.5884.4867.3599.9478.6383.32203537.4293.0251.27104.5966.29102.6081.6587.3766.41100.0879.4985.91203635.9592.6550.78107.3765.32102.9982.7089.8665.49100.2080.3088.10203734.7092.1150.67109.7764.37103.4183.7192.4964.60100.3581.0790.40203833.4591.5750.56112.1863.45103.7784.6795.2663.73100.4281.7892.82203932.3890.8050.66114.7362.56104.1385.6098.2162.88100.4882.4395.17204029.9889.7451.11118.0061.71104.4786.48101.3162.05100.5083.0497.03204128.9088.8851.58120.7060.88104.8387.32103.1961.24100.5383.5999.07204227.8587.8252.06123.2660.09105.2388.12105.1660.46100.6084.09101.37204326.9286.7052.57125.8559.33105.5988.88107.2259.69100.6084.54103.15204425.7785.4053.15128.5858.60105.9789.60109.3658.93100.6184.93105.00204524.6384.1053.74131.3257.89106.3590.27111.6158.19100.6185.27106.93Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesRenewablesandnuclearDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.202020232026202920322035203820412044050100150200250300350400AdvancedTechnologyCoalOilGasRenewablesandnuclearmboe/dLaissez-FaireFigure8.2GlobalprimaryenergydemandintheReferenceCaseandinalternativescenarios,2030mboe/dSource:OPECNote:Renewablesincludehydro,biomassandotherrenewables(e.g.wind,solar,geothermal).CoalOilGasRenewablesandnuclearReferenceCase70.7398.8774.8974.37AdvancedTechnology48.1892.5655.4987.89Laissez-Faire71.07100.2776.0674.60Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.WorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariattyorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintonofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryoraretspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligatigalvalueinanyproceedings.ReferenceCaseAdvancedTechnologyLaissez-Faire050100150200250300350CoalOilGasRenewablesandnuclearmboe/dess,finance,investmentconsultantorotherok,theOPECSecretariatmakesnowarrantiesttributabletoanyactionordecisiontakenasgeographicalentitiesintheWorldOilcountry,territoryorarea,orofitsodifyinganylegalobligationsunderanyFigure8.3GlobalprimaryenergydemandintheReferenceCaseandinalternativescenarios,2045mboe/dSource:OPECNote:Renewablesincludehydro,biomassandotherrenewables(e.g.wind,solar,geothermal).CoalOilGasRenewablesandnuclearReferenceCase58.19100.6185.27106.93AdvancedTechnology24.6384.1053.74131.32Laissez-Faire57.89106.3590.27111.61Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.WorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariattyorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintonofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryoraretspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligatigalvalueinanyproceedings.ReferenceCaseAdvancedTechnologyLaissez-Faire050100150200250300350400CoalOilGasRenewablesandnuclearmboe/dess,finance,investmentconsultantorotherok,theOPECSecretariatmakesnowarrantiesttributabletoanyactionordecisiontakenasgeographicalentitiesintheWorldOilcountry,territoryorarea,orofitsodifyinganylegalobligationsunderanyFigure8.4Globalprimaryenergydemandbyfuelinalternativescenarios,2021-2045mboe/dSource:OPECAdvancedTechnologyLaissez-FaireCoalOilGasRenewablesandnuclearCoalOil202174.7188.3166.3856.3374.7188.31202565.7491.7263.1268.9574.2996.53203048.1892.5655.4987.8971.07100.27203537.4293.0251.27104.5966.29102.60204029.9889.7451.11118.0061.71104.47204524.6384.1053.74131.3257.89106.35Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformabeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuretheaccuracyocomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamageTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCoutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormproceedings.Laissez-FaireGasRenewablesandnuclear66.3856.3370.2763.4276.0674.6081.6587.3786.48101.3190.27111.61orldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentcomadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresenon,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingonthessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinio20092040020406080100120140AdvancedTechnologyCoalOilGasRenewablesmboe/d2009020406080100120140Laissiness,finance,investmentconsultantorotherprofessional;norismeanttokesnowarrantiesorrepresentationsastoitsaccuracy,relevanceoresultofusingorrelyingontheinformationintheWorldOilOutlook.ofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationuthorities,orconcerningtheexploration,exploitation,refining,marketingandorexpressinganylegalopinionsorhavingprobativelegalvalueinany040GasRenewablesandnuclear20092040020406080100120140Laissez-FaireFigure8.5GlobalprimaryenergydemandbysectorintheReferenceCaseandAdvancedTechnologyScenario,2030and2045mboe/dSource:OPEC20302045ReferenceCaseAdvancedTechnologyReferenceCaseTransformation(incl.ownuse)142.5137.7162.9Industry47.632.054.2Transport64.361.865.9Other42.131.442.5Non-energyuse22.420.925.5Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformabenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsnotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstaintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,lawario,2030and2045AdvancedTechnology168.925.751.725.321.9rldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconnformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevancetoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.sarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWtriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refiningeranyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.ReferenceCaseAdvancedTechnologyReferenceCaseAdvancedTechnology20302045050100150200250300350400Transformation(incl.ownuse)IndustryTransportOtherNon-energyusmboe/dbusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanynofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,doxploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.Nothingueinanyproceedings.ReferenceCaseAdvancedTechnology2045portOtherNon-energyuseFigure8.6ElectricitygenerationbyfuelintheReferenceCaseandAdvancedTechnologyScenario,2030and2045TWhSource:OPECNote:Wind&Otherincludesgeothermal.20302045ReferenceCaseAdvancedTechnologyReferenceCaseCoal807744475388Oil376246427Gas903576929969Nuclear429445086667Hydro309130952505Biomass107921211271Solar4358448015245Wind&Other356172333552Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformainputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsmaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerninenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsundernario,2030and2045AdvancedTechnology14662236292690628572795194208510nedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,inoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutloddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicaleECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexplorngormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativeReferenceCaseAdvancedTechnologyReferenceCaseAdvancedTechnology20302045010,00020,00030,00040,00050,00060,000CoalOilGasNuclearHydroBiomassSolarWind&OtTWhadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkornowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorformationintheWorldOilOutlook.hedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandotherhorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotheregalopinionsorhavingprobativelegalvalueinanyproceedings.ReferenceCaseAdvancedTechnology2045BiomassSolarWind&OtherFigure8.7ChangeintheprimaryenergydemandbetweenLaissez-FaireScenarioandtheReferenceCasein2045mboe/dSource:OPEC2045Oil5.74Coal-0.31Gas5.01Nuclear0.99Hydro0.12Biomass0.43Otherrenewables3.15Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccurausingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitstheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.-101234567mboe/dOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsulnableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnonsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisioilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWoratsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthoritiees.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,lawance,investmentconsultantorotherOPECSecretariatmakesnowarrantiesortoanyactionordecisiontakenasaresultofphicalentitiesintheWorldOilOutlook,andarea,orofitsauthorities,orconcerningthenyagreement,treaty,laworothertexts;orFigure8.8GlobalenergysystemintheReferenceCaseandinalternativescenarios,2020-2045mboe/dSource:OPECTotalprimaryenergydemand(mtoe)202020252030ReferenceCase274.75303.43318.85MainscenariosAdvancedTechnology274.75289.52284.12Laissez-Faire274.75304.52322.00Renewableshare(incl.nuclear)intotalp202020252030ReferenceCase19.69%20.90%23.32%MainscenariosAdvancedTechnology19.69%23.81%30.93%Laissez-Faire19.69%20.83%23.17%Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinfobenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedinerrororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasarTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstaWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,lawo203520402045331.89342.63351.00286.30288.83293.78337.92353.97366.1220352040204525.89%28.32%30.46%36.53%40.85%44.70%25.86%28.62%30.49%intheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,incyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuraanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.notnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalenrCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitationunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.10%30%260280300320340360380202020252030203520402045Shareofnon-fossilfuelsintotalprimaryenergydemandPrimaryenergydemandReferenceCasemboe/dLaissez-FaireAdvancedToradvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoasorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,ook.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donoterningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.Nothingintheelegalvalueinanyproceedings.30%50%20402045elsintotalprimaryenergydemandReferenceCaseLaissez-FaireAdvancedTechnologyorinputdatatoalityforanyinaccuracy,thermaterials,donotces.NothingintheFigure8.9GlobaloildemandintheReferenceCaseandinalternativescenarios,2020-2045mb/dSource:OPECReferenceAdvancedTechnologyLaissez-Faire202091.1991.1891.19202196.9296.9296.922022100.29100.29100.292023102.98100.91103.052024104.45100.86104.662025105.50100.62105.922026106.29100.91106.922027106.93101.07107.812028107.48101.04108.542029107.95101.11109.192030108.34101.35109.782031108.67101.46110.322032108.95101.66110.812033109.18101.68111.262034109.34101.70111.672035109.48101.61112.052036109.58101.16112.432037109.67100.52112.792038109.7399.90113.142039109.7799.03113.492040109.7997.99113.822041109.8196.87114.172042109.8395.69114.532043109.8394.45114.892044109.8493.01115.282045109.8491.57115.66Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformafinance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykincontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceerrororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresuTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,retheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,lawoproceedings.200960708090100110120ReferenceCaseAdvmb/dOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,abenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,decisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.yreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.Thedesignationofals,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.Nothinginagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyReferenceCaseAdvancedTechnologyLaissez-FaireFigure8.10OECDandnon-OECDoildemandbyscenario,2021-2045mb/dSource:OPEC20212022202320242025OEDCReferenceCase44.7746.5547.1547.1846.99AdvancedTechnology44.7746.5546.5845.9444.98Laissez-Faire44.7746.5547.1147.1847.0420212022202320242025non-OECDReferenceCase52.1553.7355.8457.2758.51AdvancedTechnology52.1553.7354.3354.9255.63Laissez-Faire52.1553.7355.9457.4758.88Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccurausingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.2030405060708090ReferenceCaseAdvancedTechnLaissez-Fairemb/d202620272028202920302031203220332034203546.6446.1845.6745.1044.5043.8743.2042.5241.7941.0744.3143.5342.7141.8540.9640.2339.4738.6937.8837.0846.7446.3645.8845.3644.8044.2143.5942.9542.2741.58202620272028202920302031203220332034203559.6560.7561.8262.8563.8464.8165.7566.6667.5468.4156.6157.5458.3359.2660.3861.2362.1962.9963.8264.5360.1861.4662.6663.8364.9866.1067.2268.3169.4070.47WorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmenttreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordcessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesinthwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthoresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,tre2030405060708090OECDReferenceCaseAdvancedTechnologyLaissez-Fairemb/d2030405060708090non-OECDmb/d203620372038203920402041204220432044204540.3439.6238.9038.1937.4836.7936.1035.4234.7634.1036.2235.3734.5433.7132.9032.0331.1730.3329.5228.7140.9040.2239.5538.8838.2237.5736.9336.2935.6735.05203620372038203920402041204220432044204569.2470.0570.8271.5872.3173.0273.7274.4175.0975.7564.9465.1565.3665.3165.0964.8464.5264.1263.4962.8671.5372.5773.5974.6075.6176.6177.6078.6079.6180.61ess,finance,investmentconsultantorotherk,theOPECSecretariatmakesnowarrantiesorutabletoanyactionordecisiontakenasaresultofeographicalentitiesintheWorldOilOutlook,andtheorarea,orofitsauthorities,orconcerningthenderanyagreement,treaty,laworothertexts;or