Saudi Aramco Sees 1.1 Million Bpd Oil Demand Growth in 2026

Saudi Aramco Sees 1.1 Million Bpd Oil Demand Growth in 2026

Global oil demand is set to grow by 1.1 million barrels per day (bpd) this year to a new record high, according to the world’s single largest crude exporter, Saudi oil giant Aramco.   The rise in demand will be chiefly thanks to increased use of oil in the transportation and petrochemical sectors, Saudi Aramco’s president and chief executive officer Amin Nasser said on the 2025 earnings call on Tuesday.   OPEC’s monthly report for February point…

Saudi Aramco Makes the Call: Oil Demand Increases by 1.1 Million bpd

In a bold projection that underscores the enduring role of fossil fuels in the global energy landscape, Saudi Aramco has forecasted a 1.1 million barrels per day (bpd) increase in global oil demand for 2026, pushing consumption to unprecedented levels. This announcement, made by the world’s largest oil exporter, comes amid ongoing debates about energy transitions, geopolitical tensions, and market volatility. As an energy podcast host, Stuart, y…