https://sputnikglobe.com/20231009/opec-expects-world-oil-demand-to-increase-by-106mln-bpd-to-1102mln-bpd-by-2028-1114034716.html

OPEC Expects World Oil Demand to Increase by 10.6Mln Bpd to 110.2Mln Bpd by 2028

OPEC Expects World Oil Demand to Increase by 10.6Mln Bpd to 110.2Mln Bpd by 2028

Sputnik International

OPEC expects a significant growth in world oil demand by 2028, predicting an increase by 10.6 million barrels per day to 110.2 million barrels per day, the organization said in its World Oil Outlook 2045 on Monday.

2023-10-09T10:57+0000

2023-10-09T10:57+0000

2023-10-09T10:57+0000

economy

oil

opec

organisation for economic cooperation and development (oecd)

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"Global oil demand is set to reach a level of 110.2 million barrels a day (mb/d) in 2028, representing an increase of 10.6 mb/d compared to 2022. Non-OECD oil demand is expected to increase by a robust 10.1 mb/d, reaching a level of 63.7 mb/d by 2028. OECD demand will also increase by 0.5 mb/d over the medium-term," the report read. In the long-term, the organization expects global oil demand to increase by more than 16 million barrels per day between 2022 and 2045, rising from 99.6 million barrels per day in 2022 to 116 million barrels per day in 2045, the report added.

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2023

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opec, oil demand, oil demand outlook, forecast, oil forecast