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    Thursday, November 5

    OPEC Maintains Global Oil Demand Forecasts for 2025

    Olu AnisereBy News No Comments1 Min Read
    OPEC Maintains Global Oil Demand Forecasts for 2025

    OPEC Maintains Global Oil Demand Forecasts for 2025

    The Organisation of the Petroleum Exporting Countries (OPEC) announced on Wednesday that it will maintain its previous forecasts for global oil demand growth in 2025 and 2026.

    In its monthly oil market report, OPEC projected a year-on-year increase of 1.3 million barrels per day (bpd) in both 2025 and 2026, unchanged from last month’s estimates.

    “Total world oil demand is anticipated to average 105 million bpd in 2025, bolstered by strong air travel demand, robust road mobility, and continued activity in the industrial, construction, and agricultural sectors,” the report stated.

    OPEC also noted that increased capacity and healthy petrochemical margins in non-OECD (Organisation for Economic Co-operation and Development) countries were expected to drive further growth in oil demand.

    In spite of steady global economic trends, OPEC slightly lowered its global economic growth forecast for 2025 by 0.1 percentage point to 2.9 per cent, citing recent tariff-related developments.

    The forecast for 2026 remained unchanged at 3.1 percent. # OPEC Maintains Global Oil Demand Forecasts for 2025 Nigerian Exchange Index Hits All-time High in Explosive Rally

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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