Mumbai, Oct. 13 -- OPEC has come out with the World Oil Outlook (WOO) 2025 today. The global oil demand is set for continued robust growth of 9.6 million barrel per day (mb/d) over the medium-term period, rising from 103.7 mb/d in 2024 to 113.3 mb/d by 2030. The primary reason for this is strong oil demand growth in non-OECD countries, which is projected to increase by 8.6 mb/d to 2030 and reach 66.7 mb/d. Moreover, OECD oil demand is also set to increase over the same period, albeit by a much smaller 1 mb/d to reach 46.6 mb/d.
In the long term, global oil demand is projected to rise by more than 19 mb/d between 2024 and 2050, reaching almost 123 mb/d. While non-OECD oil demand is projected to increase by almost 28 mb/d over the period, OE...