OPEC: Oil consumption will rise to 92.3 million bpdStaff writer ▼ | January 17, 2015
Oil consumption will rise in 2015 to 92.3 million barrels per day (bpd), mainly due to increased demand in Asia, while low prices will start to slow the pace of U.S. production, according to OPEC.
Predictions Low oil prices to slow the pace of U.S. production
OPEC also left its estimates on the progress of the economy for this year unchanged, forecasting global growth of 3.6 percent, a slight improvement of the situation in the rich countries of Europe.
However, the region is expecting a further 0.71 percent drop in consumption to 13.31 million bpd. ■