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OPEC does not see a peak in oil demand in its long-term forecast and expects demand to grow to 116 million barrels a day by 2045, and may be higher, the secretary general said on Thursday. The International Energy Agency said in a report on Wednesday it sees oil demand peaking by 2029, levelling off at around 106 million barrels per day (bpd) towards the ...
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Trinidad and Tobago’s oil production saw a decline of 11% in the first quarter of 2024 compared to the same period in 2023, the latest statistics from the Ministry of Energy and Energy Industries show. For the first three months of 2024 the country’s average production was 49,879 barrels of oil per day (bo/d) compared to 56,292 (bo/d) for the same ...