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OPEC Sees Steady Oil Demand Growth in First 2026 Outlook

Mint Hyderabad

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January 16, 2025

India and China will drive growth, consumption to surpass the pace of supplies

- Bloomberg

The Organization of Petroleum Exporting Countries (OPEC) forecast another year of steady oil demand growth, driven by India and China, in its first detailed assessment of 2026.

World oil consumption will increase by a "robust" 1.4 million barrels a day in 2026, equaling the pace expected for this year and surpassing the predicted growth in supplies, OPEC said in a monthly report on Wednesday.

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