According to the Organisation of the Petroleum Exporting Countries (OPEC), global Oil Demand will reach 110 million barrels per day by 2045, which will push up the world's energy demand by 23%. OPEC Secretary General Haitham Al Ghais said that oil will still comprise around 29% of the energy mix by then, and that underinvestment in the oil industry will lead to "energy chaos." He also acknowledged renewables will play a greater role in the energy mix, but added that oil remains an integral part.

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