Oil demand to stay strong with no peak in sight: Al Ghais

10/06/2025 Argaam

OPEC Secretary General Haitham Al Ghais said global oil demand will continue rising strongly over the coming decades, with no signs of a near-term peak.

 

Oil demand growth will remain robust over the next two and a half decades as the world population grows, he said in his speech during a conference in Canada on June 10.

 

He noted that OPEC projects a 24% increase in global energy needs through 2050, with oil demand surpassing 120 million barrels per day (bpd) over that time period.

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