Haitham Al Ghais, secretary-general of OPEC, delivers the keynote speech at the Global Energy Show in Calgary on Tuesday, June 10, 2025. Photo by Gavin Young / Postmedia

There is no peak in oil demand on the horizon and global demand could surpass 120 million barrels per day by 2050, says the head of the Organization of Petroleum Exporting Countries (OPEC).

Secretary general Haitham Al Ghais also took aim at net-zero targets during his keynote address at the Global Energy Show Canada in Calgary on Tuesday, and reiterated his previous criticism of the International Energy Agency (IEA)’s prediction that global oil demand could peak before 2030.

He said global demand for all forms of energy will increase by 24 per cent between now and 2050.

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