OPEC's latest World Oil Outlook 2025 projects global crude oil demand will grow by 7.9% over the next five years, reaching 113.3 million barrels per day by 2030. While demand forecasts for China have been revised downward due to slower economic growth and increased EV usage, OPEC expects rising consumption in developing regions like India, Africa, and the Middle East. The organization also called for $18.2 trillion in global energy investment by 2050 to meet future demand.