International

OPEC Sees Global Oil Demand Rising to 124 Million Barrels Per Day by 2050

By Alina Zhalmaganbetova  on 2 July 2026

ASTANA –  Global oil demand is expected to continue growing through 2050, reaching 124.1 million barrels per day, according to the latest World Oil Outlook 2026 released by the Organization of the Petroleum Exporting Countries (OPEC). Demand is forecasted to reach 113.3 million barrels per day (mb/d) by 2030...