OPEC predicts robust oil demand growth in 2026

The Organization of Petroleum Exporting Countries (OPEC) has forecast the global oil demand will grow by 1.43 million barrels per day (bpd) in 2026. The organization maintained its forecast for global oil demand growth of 1.45 million bpd this year. 

In a report, OPEC said the prediction for next year is based on



continued solid economic activity in Asia and other non-Organization for Economic Co-operation and Development (OECD) countries. OPEC also predicted the world economy to grow by 3.1 per cent this year and 3.2 per cent next year, supported by relatively steady growth levels in major economies.