Industry Metrics: Global oil demand looks to remain steady

At mid-year, the global demand for oil remains steady, and growth is forecast to average about 1.13 million bpd (MMbpd). Analysts are more optimistic for greater demand increases in 2015 at 1.21MMbpd, with Organization for Economic Cooperation and Development (OECD) nations in the Americas experiencing positive growth next year. Non-OPEC supplies are expected to increase by 1.3 MMbpd in 2015 and average about 57 MMbpd. OECD Americas nations—the US, Canada and Brazil—are the main contributors to higher oil production. HP

 
 

 

 

 

 
 

 

 

 

 

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