Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
15 July | Oil

OPEC expects higher oil demand in Q3 2025

Brent
WTI Light Crude Oil
OPEC expects higher oil demand in Q3 2025

OPEC and its allies are ramping up oil output, anticipating very strong demand in the third quarter of 2025 followed by tight fuel supply-demand balance in subsequent months.

The eight members of the alliance, including Russia, are ending years of production cuts meant to support oil markets, Reuters reports.

According to RIA news agency, OPEC+ expects crude demand to grow by 1.3 million barrels per day (bpd) year-on-year in 2025 due to a strong global economy. The organization also forecasts higher oil consumption and a tight supply-demand balance in the fourth quarter.

OPEC said in its outlook that global oil demand will average 105 million bpd this year. The alliance projects demand to grow to average 106.3 million bpd in 2026 and reach 111.6 million bpd by 2029.

Elena Dorokhina MarketCheese

Recommended

United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 550 to 546
31 October
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 420 to 414
31 October
United States. Cushing Crude Oil Inventories. The value of the indicator has increased from -0.77M to 1.334M
29 October
United States. Crude Oil Inventories. The value of the indicator has decreased from -0.961M to -6.858M
29 October
United States. API Weekly Crude Oil Stock. The value of the indicator has decreased from -2.98M to -4M
28 October
Top news
European Union. CPI (MoM). The value of the indicator has increased from 0.1% to 0.2%
31 October
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
30 October
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
30 October
European Union. GDP (QoQ). The value of the indicator has increased from 0.1% to 0.2%
30 October
European Union. Unemployment Rate. The value of the indicator remained at the same level of 6.3%
30 October
All news

Forecasts

Silver sell
Period: 07.11.2025 Expectation: 2100 pips
Silver set to resume downtrend after correction
FA Other Technical analysis Indicators Chart analysis Fundamental analysis
Yesterday at 09:17 AM 21
Lyra_Moonwell1
S&P 500 buy
Period: 07.11.2025 Expectation: 1000 pips
S&P 500 builds support before resuming growth
Indicators and reports FA Other Technical analysis Indicators Fundamental analysis
Yesterday at 09:17 AM 25
Emily_Foster
Brent sell
Period: 07.11.2025 Expectation: 250 pips
Brent crude is heading downward ahead of OPEC meeting
Indicators and reports FA Other Technical analysis Indicators Fundamental analysis
31 October 2025 41
Emily_Foster
AUDCAD buy
Period: 07.11.2025 Expectation: 750 pips
AUDCAD primed to test technical resistance one more time
FA Other Technical analysis Indicators Chart analysis Fundamental analysis
31 October 2025 29
Lyra_Moonwell1
Natural gas buy
Period: 06.11.2025 Expectation: 250 pips
Invest in natural gas to capture $3.500 in growth amid soaring demand
FA Other Technical analysis Indicators Chart analysis Fundamental analysis
30 October 2025 85
Lyra_Moonwell1
GBPUSD buy
Period: 30.11.2025 Expectation: 6400 pips
Buying GBPUSD amid stronger UK economic data
FA Other Chart analysis
30 October 2025 53
McCarthy_Raymond
Go to forecasts