Opec sees 'healthy' oil demand growth to 2022 as renewables gain

Kuwait

OIL demand will grow at a "healthy pace" over the next five years as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said.

Crude demand will climb an average 1.2 million barrels a day through 2022 and slow to 300,000 barrels a day in 2035 to 2040, Opec Secretary General Mohammad Barkindo said on Sunday in Kuwait, giving a preview of Opec's 2017 World Oil Outlook set to be released on Nov 7.