Opec rejects projection that global demand for oil has peaked

Cartel of oil-exporting nations expects demand to continue rising until late 2030s

The world's most powerful oil-producing nations have denied that oil demand may have already reached its peak and have claimed the world will continue to consume more fossil fuels for almost 20 years.

A report from the Opec oil cartel, which represents the interests of countries including Saudi Arabia and Iran, has predicted that the global appetite for oil will continue to rise before reaching a plateau in the late 2030s.