Oil demand is expected to experience “strong growth” in 2025, towards a new record, according to initial forecasts from the Organization of the Petroleum Exporting Countries (OPEC) published on Wednesday in its monthly report. Thus, the world would consume an average of 106.2 million barrels of oil every day next year, compared to an estimate of 104.4 million in 2024 and 102.1 in 2023.
These forecasts put the demand for black gold at a new record, despite calls from climate experts to reduce the consumption of fossil fuels, which contribute the most to global warming. “Les prévisions initiales de croissance de la demande globale de pétrole en 2025 font état d’une croissance robuste de 1.8 million de baril par jour en glissement annuel” (par report à l’année 2024), indicate l’Opep dans ce relationship.
Growth driven by non-OECD countries
This increase in demand for black gold will be driven “by the continuation of solid economic activity in China and the sustained growth expected in other non-OECD countries,” underlines the poster of the oil countries.
In detail, demand in OECD countries is expected to increase only slightly, from 0.1 million barrels per day for a year in 2025, to 46.13 million barrels per day, without exceeding pre-pandemic levels in 2019. In non-OECD countries, it is expected to experience “considerable growth” of 1.7 million barrels per day, driven mainly by China, the Middle East and India, exceeding 60 million barrels per day.
Projected growth in global oil demand for 2025 remains lower than in 2024, with an expected increase of 2.2 million barrels per day this year, mainly in non-OECD countries, an outlook that does not change with compared to OPEC estimates communicated in December.
Source: BFM TV
