Global Oil Demand Set to Rise Significantly by 2027
The OECD region is projected to experience a modest increase of 100,000 bpd in the coming year, the organization noted on the US-based social media platform X.
The bulk of this growth is expected to originate from non-OECD nations, which are forecasted to contribute approximately 1.2 million bpd in annual demand expansion, OPEC added.
In a related update, OPEC reported on Wednesday that crude oil output from its member countries climbed by 164,000 bpd in February compared to January 2026, reaching an estimated total of 28.63 million bpd.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
