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World Economy

Global Oil Demand to Rise Nearly 8% by 2030 Despite China Slowdown: OPEC

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1Nojor Desk
  • 11 Jul 25
  • 09:14 PM

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.

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Bonik Barta 11 Jul 25

OPEC Revises Forecast: Global Demand for Crude Oil to Grow Nearly 8% in Five Years

The global demand for crude oil is expected to rise by approximately 8% over the next five years, according to OPEC's latest report “World Oil Outlook 2025”, released yesterday. In the current calendar year, 2025, the daily average global demand for crude oil will reach 105 million barrels. This figure is projected to increase to 106.3 million barrels per day in 2026 and could climb to 113.3 million barrels per day by 2030. This indicates a growth of slightly over 7.9% compared to current demand levels.

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