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OPEC leaves oil demand forecast unchanged
Energy
- 11 April, 2024
- 14:55
The Organization of the Petroleum Exporting Countries (OPEC) has maintained its forecast of oil demand growth in 2024 and 2025, Report informs, citing Monthly Oil Market Report – April 2024.
The global oil demand for 2024 will rise by 2.25 mb/d to 104.46 mb/d, while this figure will increase by 1.85 mb/d to 106.31 mb/d in 2025.
Total non-OPEC oil production in 2024 will rise from 1.07 mb/d to 70.44 mb/d. The growth forecast for 2025 has increased from 1.3 mb/d to 1.4 mb/d and currently stands at 71.75 mb/d.
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