OPEC maintains its 2025 oil demand growth projection despite geopolitical tensions and market skepticism.
OPEC has reaffirmed its 2025 oil demand growth forecast at 1.2 million barrels per day, citing no evidence of demand destruction. The organization dismissed concerns over Middle East conflicts and the Strait of Hormuz closure as short-term disruptions rather than structural threats.
The forecast remains unchanged from prior estimates, despite widespread market commentary questioning oil’s long-term demand trajectory. OPEC Secretary General Haitham Al Ghais emphasized that data does not support a slowdown, urging continued upstream investment to meet future needs.
Al Ghais warned that under-investment in the sector could leave markets vulnerable, stressing the importance of maintaining supply stability amid geopolitical uncertainties.