OPEC Stands Firm on Bold Oil Demand Forecast Amid Global Growth Signals
The Organization of the Petroleum Exporting Countries (OPEC) is doubling down on its bullish outlook for global oil demand, projecting a robust uptick as economic recovery gains traction worldwide. From its Vienna headquarters, the cartel forecasts a surge of 1.45 million barrels per day (bpd) in 2025, followed by a still-hefty 1.43 million bpd in 2026. This optimism hinges on soaring aviation fuel needs and unrelenting road travel, painting a picture of a planet on the move.
OPEC’s numbers starkly contrast with more cautious voices in the energy sector. The International Energy Agency (IEA), for instance, pegs this year’s growth at a modest 1.1 million bpd, underscoring a divide in how industry heavyweights see the future unfolding. Undeterred, OPEC’s steadfast projections signal confidence in a steady global economic rebound, with oil as its lifeblood.
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