OPEC Maintains Oil Demand Growth Forecast for 2025, Increases 2026 by 100,000 bpd
OPEC Maintains Oil Demand Growth Forecast for 2025, Increases 2026 by 100,000 bpd
According to OPEC analysts, global oil demand forecasts for 2025 see a slight shift:
🟠Q1 revised down by 40,000 bpd to 104.29 million bpd;
🟠Q2 revised up by the same amount to 104.34 million bpd;
🟠Q3 and Q4 forecasts remain unchanged.
The adjustments reflect offsetting trends, with weaker demand in OECD Asia-Pacific and non-OECD countries balanced by stronger figures in OECD Americas and Europe.
Looking ahead, OPEC revised its 2026 global oil demand growth forecast upward to 1.4 million bpd, anticipating stronger economic performance in OECD Americas, Europe, and the Middle East and Africa.
Global oil demand is projected to reach 106.52 million bpd. Growth is expected to be driven by OECD countries (particularly the Americas) and non-OECD countries, mainly in Asia.
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