OPEC sees 2026 world oil demand maintaining tempo with their forecast for this 12 months

• 2024 world oil demand anticipated to have risen by 1.5 mil bpd (earlier forecast 1.61 mil bpd)
• 2025 world oil demand progress forecast for 1.45 mil bpd
• 2026 world oil demand progress forecast for 1.43 mil bpd

The 2026 forecast is the primary one they’re sharing as we are actually into January 2025. And the forecast coming proper out the gate is a slightly sturdy one. It’s best to be reminded that OPEC has been revising estimates for 2025 decrease in latest months, as they’ve been arguably probably the most optimistic participant available in the market final 12 months – unsurprisingly so. As such, do count on the 2026 forecast to even be watered down particularly if the Chinese language economic system continues to hit a snag this 12 months.

This text was written by Justin Low at www.ubaidahsan.com.



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