Daily world oil demand to grow by 1.26 million barrels in

25 November 2024

Daily world oil demand to grow by 1.26 million barrels in 2016

20:24 18 January 2016 Read: 821

Daily world oil demand to grow by 1.26 million barrels in 2016

For 2016, global oil demand growth is expected to be at around 1.26 million barrels daily (mb/d), a little higher than the previous month

The Organization of the Petroleum Exporting Countries (OPEC) expects world oil demand growth in 2016 to reach 1.26 million barrels daily (mb/d), the organization said in a report issued on Monday.

"For 2016, global oil demand growth is expected to be at around 1.26 mb/d, a little higher than the previous month’s report, to reach 94.17 mb/d," OPEC`s January Monthly Oil Market Report reads.

Growth in 2015 was revised by OPEC to average 92.92 mb/d.

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