Enbridge (ENB) CEO Projects Strong Oil Demand Through 2050
ENBEnbridge(ENB) ZACKS·2024-08-21 20:25

Enbridge Inc. (ENB) CEO Greg Ebel has made a bullish forecast for global oil demand, stating that it will continue to grow well in the coming decades. Speaking in an interview with Bloomberg on Tuesday, Ebel said that oil consumption could potentially exceed 100 million barrels per day (bbl/day) by 2050, reaching more than 110 million bbl/day. The CEO's outlook is driven by ongoing economic growth, particularly in developing countries, where demand for "lighter, faster, denser (and) cheaper" energy is on th ...