20 reactions | The global oil demand growth forecast for 2025 remains unchanged at 1.4 mb/d. The OECD is projected to expand by about 0.1 mb/d, y-o-y, while the non-OECD is forecast to grow by about 1.3 mb/d. Robust oil demand growth is expected to continue in 2026. | OPEC | Facebook

Global oil demand is projected to surge nearly 19% per cent by 2050, reaching 123 million barrels per day, according to Opec’s latest World Oil Outlook report. The growth will be driven largely by emerging economies across the Global South, including India, Africa and the Middle East, while demand in the developed economies of the OECD, is set to decline. | The National