Vienna, Jan. 17 (XINHUA) - The Organization of the Petroleum Export of Countries (OPEC) On Wedness ForeCast "Global Oil Demand Growth of 1.8 MilLion BJaipur Stock. Arrels Per Day (BPD) in 2025, Backed by Strong Global Economic Recovery and "continued solid economic activity in ChinaLucknow Wealth Management. "

OPEC PREDICTED In ITS FIRSTASSMENT of NEXT Year's Oil Demand Levels, Which WAS Included in ITS Monthly Oil Market Report Published on the Day.

Global Oil Demand Growth Next Year Will Be Driven by Nearly 1.7-BPD Growth in Non-OECD (The Organization for Economic Co-Operation and Development) IES, Mostly in China, The Middle East, India and Other Asian Countries, According toThe report.

For 2024, OPEC Expected Global Oil Demand to Rise by 2.2 Million bpd compared to 2023, unchanged from the prediction in last month's report.

OPEC, in Wednesday's Report, Predict THE Yearly Global Economic Growth to Reach 2.8 Percent IN 2025, up from a 2.6-Peercent Growth Forecast for This year.

"This positive travel is in line with the extens that general inflation will continue to diminish realhout 2024, particular in majori economi ESJaipur Wealth Management. A Shift Towards Increasingly Accommodative Monetary Policies is Anticipated for the Second Half of 2024 and Throughout 2025, with Key PolicyRates expected to people in the first half of 2024.

In terms of Oil Supply, The Organization Expected Non-Commission to Rise by 1.3 Million BPD in Both 2024 and 2025.

OPEC's Latest ForeCasts Came on the Same Day that the Oil-ProDucer Group's Secretary Haitham Al Ghais Rebuttend that Oil Demand is APPROACHIN g a peak.Varanasi Stock

"Peak Oil Demand is Not Showing Up in Any Relial and Robust Short-and Medium-Term Forecasts," Al Ghais Said in A Statement, Country ATIONAL ENERGY AGENCY (IEA) that global ilbaloo demand will peak before the end of thisDecade.

IEA, Whose Members Mainly Include Oil-Consumping National SUCH As The United States, JAPAN and some EUROPEANTRIES, has ben more, And outlook thann open years, the agency predicted peak il demand by the end of this decade. In December, IEA FORECAST GLOBAL OIL DEMAND GROWTH of 1.1 Million BPD in 2024, Barely Half OPEC's Predictions, CITING SLOW ECONOMIC GROWTH, EFFICIENCY VEMENTS and Growing deployment of Electric Vehicles. ■