Daily World Oil Demand to Grow by 1.26 Million Barrels in 2016

© AFP 2023 / BILAL QABALANWorkers rest at Ras Tannura's oil production plant near Dammam in Saudi Arabia's eastern province
Workers rest at Ras Tannura's oil production plant near Dammam in Saudi Arabia's eastern province - Sputnik International
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For 2016, global oil demand growth is expected to be at around 1.26 million barrels daily (mb/d), a little higher than the previous month’s report, to reach 94.17 mb/d, according to OPEC's January Monthly Oil Market Report.

Alexander Novak, Russian Energy Minister, arrives at the European Union Commission headquarters in Brussels - Sputnik International
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MOSCOW (Sputnik) — The Organization of the Petroleum Exporting Countries (OPEC) expects world oil demand growth in 2016 to reach 1.26 million barrels daily (mb/d), the organization said in a report issued on Monday.

"For 2016, global oil demand growth is expected to be at around 1.26 mb/d, a little higher than the previous month’s report, to reach 94.17 mb/d," OPEC's January Monthly Oil Market Report reads.

Growth in 2015 was revised by OPEC to average 92.92 mb/d.

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