{"id":2108,"date":"2025-01-15T19:33:40","date_gmt":"2025-01-15T13:33:40","guid":{"rendered":"https:\/\/corporatenews24.com\/?p=2108"},"modified":"2025-01-20T20:27:28","modified_gmt":"2025-01-20T14:27:28","slug":"global-oil-demand-projected-to-rise-by-1-21-million-barrels-per-day-in-2025","status":"publish","type":"post","link":"https:\/\/corporatenews24.com\/?p=2108","title":{"rendered":"Global Oil Demand Projected to Rise by 1.21 Million Barrels Per Day in 2025"},"content":{"rendered":"

RIYADH:<\/strong> Global oil consumption is expected to climb by 1.21 million barrels per day (bpd) in 2025, reaching a total of 103.74 million bpd, according to a report by the King Abdullah Petroleum Studies and Research Center (KAPSARC)<\/strong>.<\/p>\n

The Saudi-based think tank’s latest analysis also forecasts a further increase of 1.23 million bpd in 2026, pushing global oil demand to 104.97 million bpd.<\/p>\n

Comparing Projections: KAPSARC vs. OPEC<\/h3>\n

KAPSARC\u2019s forecast for 2025 is slightly lower than the estimate by the Organization of the Petroleum Exporting Countries (OPEC)<\/strong>, which in December 2024 predicted a 1.4 million bpd rise in global demand, bringing the total to 105.3 million bpd.<\/p>\n

Drivers of Oil Demand Growth<\/h3>\n

The report identifies several factors influencing the anticipated growth in oil demand for 2025 and 2026:<\/p>\n

    \n
  1. Economic Conditions<\/strong>: Continued recovery and expansion in global markets.<\/li>\n
  2. Geopolitics<\/strong>: Increasingly significant in shaping market volatility.<\/li>\n
  3. Inventory Levels<\/strong>: Fluctuations in stockpiles will play a role in pricing trends.<\/li>\n
  4. Energy Transition<\/strong>: While still a minor factor, the global shift toward renewable energy sources is gaining influence.<\/li>\n<\/ol>\n

    \u201cOver the past couple of years, oil markets have been primarily driven by economic trends and OPEC+ actions. As we move into 2025 and 2026, new actors \u2014 particularly geopolitics, inventory management, and the energy transition \u2014 will increasingly influence market dynamics,\u201d KAPSARC noted.<\/p>\n

    Inflation’s Impact on Oil Demand<\/h3>\n

    Global inflation, expected to remain above pre-pandemic levels, is another critical factor. Persistent inflationary pressures could reshape consumption patterns and impact energy market investments over the next two years.<\/p>\n

    Regional Oil Demand Trends<\/h3>\n

    The report projects varying growth rates for oil demand across regions:<\/p>\n

      \n
    • Organisation for Economic Co-operation and Development (OECD) Nations<\/strong>:
      \nMinimal or no growth is expected in OECD countries.<\/li>\n
    • Non-OECD Nations<\/strong>:
      \nSignificant demand growth is anticipated in countries like India<\/strong>, China<\/strong>, and the Middle East<\/strong>.<\/p>\n
        \n
      • India<\/strong>: Predicted to increase oil consumption by 220,000 bpd in both 2025 and 2026.<\/li>\n
      • China<\/strong>: Expected to see a rise of 210,000 bpd in 2025 and 190,000 bpd in 2026.<\/li>\n
      • Middle East<\/strong>: Projected to grow by 200,000 bpd annually over the same period.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

        Overall, non-OECD countries are forecast to account for 1.09 million bpd of annual demand growth in 2025 and 2026.<\/p>\n

        Global Oil Supply Projections<\/h3>\n

        KAPSARC anticipates that global oil production will rise by:<\/p>\n

          \n
        • 1.48 million bpd in 2025<\/strong><\/li>\n
        • 1.98 million bpd in 2026<\/strong><\/li>\n<\/ul>\n

          This growth is expected to result in a supply surplus of:<\/p>\n

            \n
          • 260,000 bpd in 2025<\/strong><\/li>\n
          • 1.01 million bpd in 2026<\/strong><\/li>\n<\/ul>\n

            However, KAPSARC warns that historically low inventory levels in OECD countries could lead to bearish market conditions, putting downward pressure on oil prices.<\/p>\n

            Outlook for the Oil Market<\/h3>\n

            \u201cGiven the dynamics between oil supply and demand, we anticipate a surplus in both 2025 and 2026. If OECD nations continue to maintain their low inventory levels, this could exacerbate bearish trends in the commodities market,\u201d KAPSARC concluded.<\/p>\n

            <\/h3>\n

            The global oil market is poised for steady growth in demand over the next two years, driven largely by non-OECD nations and influenced by a mix of geopolitical and economic factors. As the world navigates energy transitions and inflationary pressures, the balance between supply and demand will remain a critical determinant of market stability.<\/p>\n

            For energy stakeholders, monitoring these trends will be key to adapting strategies and leveraging opportunities in a volatile market landscape. Source: Arabnews<\/p>\n

            Corporatenews24,Jubair<\/p>\n","protected":false},"excerpt":{"rendered":"

            RIYADH: Global oil consumption is expected to climb by 1.21 million barrels per day (bpd) in 2025, reaching a total of 103.74 million bpd, according to a report by the King Abdullah Petroleum Studies and Research Center (KAPSARC). The Saudi-based think tank’s latest analysis also forecasts a further increase of 1.23 million bpd in 2026, […]<\/p>\n","protected":false},"author":3,"featured_media":1730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140],"tags":[560],"class_list":["post-2108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","tag-oil-demand"],"yoast_head":"\nGlobal Oil Demand Projected to Rise by 1.21 Million Barrels Per Day in 2025 - Corporate News 24<\/title>\n<meta name=\"description\" content=\"KAPSARC OPEC Global oil consumption oil forecast\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/corporatenews24.com\/?p=2108\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Oil Demand Projected to Rise by 1.21 Million Barrels Per Day in 2025 - 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