OPEC Forecasts Oil Demand to Hit 124 Million Barrels Daily by 2050
The producer group projects steady growth in global oil demand despite rising EV adoption and net-zero pledges. OPEC’s latest World Oil Outlook 2026 projects global oil demand will rise from 105.1 million barrels per day in 2025 to 113.3 million by 2030, reaching 124 milli