To balance their outlook, they raised to Q2 2024 forecast by 50k bpd instead. That sees the total 2024 world oil demand growth forecast unchanged at 2.25 mil bpd. For 2025, that figure is also left unchanged at 1.85 mil bpd.
OPEC maintains 2024 oil demand growth forecast in latest report
- The bloc does however trims its estimate of Q1 2024 oil demand by 50k bpd to 103.5 mil bpd
