Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Almaty, October 2 (Xinhua) — The Organization of the Petroleum Exporting Countries (OPEC) forecasts global primary energy demand to increase by 23 percent from 308 million barrels per day (bpd) to 378 million bpd. This was reported on Thursday by the Kazinform news agency, citing Behruz Baykalizade, head of OPEC's petroleum research department.
Presenting an overview of the global oil market at Kazakhstan Energy Week 2025 and the 16th KAZENERGY Eurasian Forum in Astana, B. Baikalizade noted that the projected increase in the global population from 8.2 to 9.7 billion people will lead to increased demand for energy resources.
"By 2050, more than 1.2 billion people will live in cities. Rising costs will also accelerate the economies of countries in the Organization for Economic Cooperation and Development," he noted.
According to B. Baykalizade, gradual progress in the oil industry will improve efficiency and reduce costs, but no dramatic technological breakthroughs are expected.
According to the review he presented, by 2050, the share of renewable energy sources in the energy sector will reach 13.5 percent, while the share of coal and other sources will decrease by 13 percent. As a result of the phased phase-out of coal, coal-fired generation will decrease to 3.2 TWh, while the share of alternative energy sources will increase from 24 percent to 65.5 percent. –0–
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