Higher global economic growth and solid activity in China will see robust world oil demand growth of 1.8 million barrels per day (bpd) in 2025, OPEC said on Wednesday in its first outlook into next year’s demand levels. OPEC expects global economic growth at 2.8% in 2025, up from the 2.6% growth predicted for 2024, according to the cartel’s closely-watched Monthly Oil Market Report (MOMR) today. “With this, global oil demand in 2025 is set to grow by a robust 1.8 mb/d, y-o-y, sustained by continued solid economic activity…
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