Vienna: The Organization of the Petroleum Exporting Countries (OPEC) has announced its forecast for the average daily global oil demand for 2027, APA-Economics reports this, citing OPEC’s monthly report.
According to Azeri-Press News Agency, the forecast for next year indicates that the average daily global oil demand will be 107.86 million barrels. This is an increase of 1.34 million barrels compared to the forecast for 2026.
The report also notes that this year, the average daily global oil demand is projected to be 106.52 million barrels. This figure remains unchanged from previous forecasts and represents an increase of 1.38 million barrels compared to the 2025 figure of 105.14 million barrels.
In 2024, the average daily global oil demand was recorded at 103.84 million barrels.