OPEC maintains its forecast of increased global demand for oil.

THE Organization of the Petroleum Exporting Countries (OPEC) It maintained its outlook for growth in global oil demand over the next few decades, according to its annual report. World Oil Outlook 2026, released this Thursday (18). According to the document, global oil consumption is expected to reach 113.3 million barrels per day (bpd) in 2030, compared to an estimate of 105.1 million bpd for 2025. The projection for 2030 remained unchanged from the report released last year, while the estimate for 2025 underwent minimal adjustments. According to the OPECChanges in energy policies adopted by countries such as the United States and members of Europe, coupled with economic and population growth in emerging regions, will continue to sustain the expansion of demand for fossil fuels. The cartel especially highlighted the role of economies such as India, the Middle East, Africa, and Latin America as drivers of energy consumption growth in the coming years. Although it acknowledged China's progress in transitioning to renewable energy sources and electrifying sectors of the economy, the organization believes that this movement will not be sufficient to reverse the global trend of increasing oil demand. In the long-term horizon, the OPEC The organization raised its projection for global oil consumption in 2050 to 124 million barrels per day. In the previous report, the estimate was 122.9 million bpd. With this, the entity reiterated its assessment that the so-called "peak demand" for oil is not yet near, contradicting projections from some industries and international organizations that point to a slowdown in consumption in the coming decades due to the energy transition.

This text was translated by machine from Brazilian Portuguese.