BAKU, Azerbaijan, February 11. Global liquid fuels consumption is expected to grow at a slower pace than the pre-pandemic trend, according to the latest outlook from the U.S. Energy Information Administration (EIA), Trend reports.
The agency forecasts an increase of 1.4 mb/d in 2025, bringing global consumption to 104.1 mb/d. In 2026, growth is expected to slow further to 1 mb/d, reaching 105.1 mb/d.
The rise in demand is primarily driven by countries in non-OECD Asia, particularly India and China. India’s oil consumption is projected to increase by 0.3 mb/d in both 2025 and 2026, up from 0.2 mb/d in 2024. This growth is largely fueled by a rising demand for transportation fuels as the country's economy continues to expand.
China is also expected to see a boost in oil consumption, with an increase of 0.2 mb/d in both 2025 and 2026, a notable rise from the growth of less than 0.1 mb/d in 2024. This growth comes as China's economic stimulus efforts are expected to drive higher petroleum consumption.