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OPEC expects world oil demand to grow in 2015

May 12, 2015, 19:55 UTC+3 VIENNA
OPEC expects world oil demand to reach 92.50 mln barrels per day this year
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© EPA/WU HONG

VIENNA, May 12. /TASS/. OPEC has slightly raised its forecast for the world oil demand growth in 2015 to 1.18 mln barrels a day and now expects world oil demand to reach 92.50 mln barrels per day this year, according to the organization’s May report.

In its previous forecast the organization expected world oil demand growth by 1.17mln barrels a day.

OPEC has lowered its forecast for oil production by non-OPEC members in 2015.

OPEC experts expect this indicator to grow by 0.68 mln barrels per day to 57.16 mln barrels per day against the April forecast of 57.17 mln barrels per day.

OPEC has slightly raised its forecast for the growth of demand for oil produced by OPEC member-states in 2015.

According to the organization, in April, oil production by OPEC members-states grew by 18,000 barrels per day to 30.84 mln barrels per day.

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