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How OPEC sees the world

Russian Minister of Energy Alexander Novak, Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia, and Mohammad Sanusi Barkindo, OPEC Secretary General of Nigeria, attend a news conference after an OPEC meeting. Photo: Ronald Zak / AP

OPEC is out today with its big annual World Oil Outlook, a detailed analysis of supply and demand trends in coming decades that puts meat on the bones of some top-line conclusions that Secretary General Mohammad Barkindo offered in London last month.

Why it matters: Yes, OPEC has plenty of reasons to shape a narrative around future oil demand. But the forecast nonetheless adds a detailed entry to the mix of analyses of the global energy pictures, and shows how the powerful cartel is positioning itself.