Accra:The Organization of the Petroleum Exporting Countries (OPEC) has updated its forecast for global oil demand, predicting significant growth in the coming years.
According to Azeri-Press news agency, OPEC’s monthly report indicates that the average daily global oil demand is expected to reach 108.28 million barrels next year. This marks an increase from the previous forecast of 108.19 million barrels and is 2.55 million barrels higher than the forecast for 2026.
The report also projects that the average daily global oil demand will stand at 105.72 million barrels this year, slightly down from the previous forecast of 105.84 million barrels but up by 0.18 million barrels compared to the 2025 figure of 105.54 million barrels.
In 2024, the average daily global oil demand was recorded at 103.84 million barrels.