OPEC sees oil demand jumping in 2027, led by Asia
OPEC projects global oil demand will climb sharply in 2027, rising by 2.4 million barrels a day. Growth is expected to come mainly from non-OECD economies in Asia, with India at the forefront.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
The Organization of the Petroleum Exporting Countries said global oil demand is expected to rise sharply in 2027. The increase is projected at 2.4 million barrels per day. India and other non-OECD Asian economies are expected to lead the growth.
Why it matters
The reports state that India and other Asian economies are emerging as key drivers of oil consumption growth.
Coverage
- Global oil demand to rise sharply in 2027, led by India, non-OECD Asia: OPECGlobal oil demand to rise sharply in 2027, led by India, non-OECD Asia: OPEC (aninews.in)
- Global oil demand to rise sharply in 2027, led by India, non-OECD Asia: OPEC (babushahi.com)
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