OPEC upgraded its 2015 global oil demand growth by 40,000 barrels a day

Market news

13 October 2015

OPEC upgraded its 2015 global oil demand growth by 40,000 barrels a day

The Organization of the Petroleum Exporting Countries (OPEC) released its monthly report on Monday. It raised its forecast of 2015 global oil demand growth by 40,000 barrels a day to 1.5 million barrels. Total demand in 2015 is expected to be 92.86 million barrels a day, up from the previous estimate of 92.79 million.

The OPEC expects the non-OPEC oil output to decline to average 57.24 million barrels a day in 2015, down 160,000 barrels from the previous estimate.

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