OWEMOPEC World Energy Model (OPEC oil outlook)
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For its part, the current OPEC World Energy Model (OWEM) anticipates a somewhat higher $25 average price (at Year 2000 prices) from now to 2010, followed by an increase that would thereafter simply keep pace with inflation in the industrialised world.
OPEC's World Energy Model (OWEM), which is reviewed and updated every year, predicts world oil demand to reach more than 90m b/d by 2010 and 103m b/d by 2020.