Shafaq News/ OPEC forecasted on Wednesday that global oil demand would growby 1.4 million barrels per day (bpd) over the current and next year.
In its first monthly report of the year, the organization described thisdemand growth as "healthy," primarily driven by China, India, andother Asian countries, along with the Middle East and Latin America.
The report's figures show that combined demand growth from India and Chinawill account for approximately 550,000 bpd this year and next, representingnearly 40% of total global demand growth.
By 2026, New Delhi is expected to match Beijing in demand growth, with both citiesprojected to grow by 270,000 bpd each.
The report also highlighted that strong recoveries in air travel, trucktransportation, as well as industrial activities and construction projects,especially in non-OECD countries, will support petroleum product demand growththis year.
Additionally, new additions to refining capacities and petrochemicalprojects will further contribute to the growth in crude oil demand, accordingto the report.