Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
VIENNA, May 15 (Xinhua) — The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday left its forecast for global oil demand growth in 2025-2026 unchanged.
In its monthly oil market report, OPEC forecasts demand growth of 1.3 million barrels per day in 2025 and about the same in 2026.
“Total global oil demand is expected to average 105 million barrels per day (bpd) in 2025, supported by strong air travel demand and healthy road transport levels, as well as robust industrial, construction and agricultural activity in non-OECD countries,” OPEC said. Its analysts believe that increased capacity and profitability of the petrochemical industry in non-OECD countries will help boost oil demand. –0–