15 Jun 2026

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Home Blog OPEC Remains Upbeat on Global Oil Demand Growth

OPEC Remains Upbeat on Global Oil Demand Growth

codarx

codarx

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Update date: 2025/10/13

OPEC remains bullish on global oil demand growth for this year and next as it continues to unwind its crude production cuts.  The cartel kept unchanged its 2025 and 2026 oil demand growth forecasts in its closely-watched Monthly Oil Market Report (MOMR) for October published on Monday.   In the report, OPEC expects global oil demand to grow by about 1.3 million barrels per day (bpd) this year from 2024, and reach on average 105.1 million bpd, reflecting continued robust economic growth. The view, unchanged from last month’s…

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