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Global oil demand news and market signals

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OPEC Bets on India for Oil Demand Growth, Eyes 113M BPD by 2030

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OPEC Bets on India for Oil Demand Growth, Eyes 113M BPD by 2030

OPEC's latest World Oil Outlook projects a continued rise in global oil demand, reaching 113.3 million barrels per day by 2030. The producer group is placing significant emphasis on India as a key driver for this growth, contrasting with a less optimistic outlook for Europe.

June 18, 2026Published 1 hour ago