OPEC expects a significant increase in global oil demand in 2024, forecasting a jump of 2.25 million barrels per day.
This projection is notably higher than the International Energy Agency's, highlighting the expected robust demand from China and India.
OPEC links this uptick to strong global economic growth, particularly in China, projecting further oil consumption increases.
For 2025, OPEC predicts even stronger oil demand, with China and the Middle East driving growth.
This outlook suggests oil use will rise for the next two decades, contrasting with predictions of a peak in demand by 2030 due to a shift. . .
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