Peak oil will not be reached before the end of this decade, says Opec head

Peak oil demand is unlikely to be reached this decade as populations push back against “unrealistic” net zero emission goals, according to the head of Opec.

In a call for continued investment in the oil industry, Opec secretary general Haitham Al Ghais said global demand is likely to reach 116m barrels per day (bpd) by 2045. Global demand topped 100m bpd last year.