Saudi Aramco Sees 1.1 Million Bpd Oil Demand Growth in 2026

AI Briefing

• – Saudi Aramco forecasts 1.1 million bpd oil demand growth in 2026, driven by increased oil use in transportation and petrochemical sectors.
• – The growth will be driven by increased demand in emerging markets such as Asia and Latin America.
• – OPEC's February report also points to 1.4 million bpd growth expected for 2026, with Saudi Aramco's CEO attributing the rise to strong economic growth and increasing oil consumption.