VOL. XLIV

No. 14

2-APRIL-2001

OPEC

OPEC Must Spend $150-210Bn On New Oil Capacity To Meet Demand Growth, Says CGES

Meeting the growth in world oil demand over the next 15-20 years will require a massive expansion in oil production capacity, especially for the OPEC countries, according to Londons Centre for Global Energy Studies (CGES). In the latest edition of its Global Oil Report, published in early March, CGES argues in an article entitled The Future of Oil: Meeting the growth in World Demand...