OPEC’s First Look at 2027 Shows Steady Pace of Demand Growth

OPEC’s first detailed assessment of 2027 projects that global oil demand will continue to increase at a steady pace.

World oil consumption will grow by 1.3 million barrels a day in 2027 — fractionally lower than this year — and average 107.9 million barrels a day, according to a report from OPEC’s secretariat seen by Bloomberg News.