BAKU, Azerbaijan, September 11. Global oil consumption is expected to keep rising through 2026, with nearly all demand growth coming from emerging economies, according to the U.S. Energy Information Administration (EIA), Trend reports.
The agency’s forecast shows that worldwide liquid fuels demand will grow by 0.9 million barrels per day (b/d) in 2025 and 1.3 million b/d in 2026. Non-OECD countries will account for the vast majority of this increase, with consumption rising by 1.0 million b/d in 2025 and 1.1 million b/d in 2026.
Asia remains the key driver: both India and China are projected to add between 0.4 million and 0.5 million b/d of demand between 2024 and 2026, reflecting continued economic and industrial expansion.
By contrast, oil demand in OECD countries is expected to remain largely flat, with a slight decline of 0.1 million b/d in 2025 followed by a modest rebound of 0.2 million b/d in 2026.
