Bank Of Baku

Global oil demand to grow at faster pace - FORECAST

Global oil demand to grow at faster pace - FORECAST
# 13 May 2026 17:08 (UTC +04:00)

The Organization of the Petroleum Exporting Countries (OPEC) has announced its forecast for average daily global oil demand for 2026-2027, stated in OPEC’s monthly report, APA-Economics reports.

According to the report, average daily global oil demand next year will amount to 107.87 million barrels (the forecast remained unchanged), which is 1.54 million barrels more than the forecast indicator for 2026.

According to the forecast, the mentioned indicator is projected to stand at 106.33 million barrels this year (previous forecast indicator – 106.53 million barrels), which is 1.17 million barrels more than the 2025 indicator (105.16 million barrels).

Recall that average global daily oil demand stood at 103.84 million barrels in 2024.

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