Full Title: IEF Comparative Analysis
Author(s): IEF
Publisher(s): IEF
Publication Date: September 11, 2025
Full Text: Download Resource
Description (excerpt):
OPEC sees global oil demand growth of 1.3 mb/d in 2025, with OECD demand rising by 0.1 mb/d and non-OECD demand by 1.2 mb/d. In 2026, demand increases by 1.4 mb/d, split between 0.2 mb/d in the OECD and 1.2 mb/d in the non-OECD. Growth in the OECD is concentrated in the Americas, while Other Asia, China, and India drive the non-OECD expansion.
EIA projects global liquid fuels consumption to rise by 0.9 mb/d in 2025 and 1.3 mb/d in 2026, driven primarily by non-OECD countries. Non-OECD demand rises by 1.0 mb/d in 2025 and 1.1 mb/d in 2026, while OECD consumption falls by 0.1 mb/d in 2025 before rebounding by 0.2 mb/d in 2026. Growth in Asia dominates the expansion, with India and China each contributing between 0.4 and 0.5 mb/d from 2024 to 2026.