OPEC Forecasts Oil Demand Growth to 116 Million Barrels Per Day by 2045, Driven by India

OPEC boosted its 2045 oil demand forecast to 116 million barrels per day, up 6 million from last year

Expects global oil demand to increase 16 million barrels daily from 2022 to 2045

Forecast contrasts with IEA's recent prediction that demand will peak

India will drive growth through 2045, adding 6.6 million barrels per day

OPEC Secretary General says oil demand could reach 116 million barrels per day by 2045, around 6 mb/d higher than previous forecast