(MENAFN) Global world oil demand is expected to further increase in the coming year due to the growing demand in developed countries, according to Arab News.
The Organization for Petroleum Exporting Countries, which pumps a third of the world's crude, said that demand will reach more than 92.35 million barrels per day (mbpd), up 1.33 percent from 2014.
OPEC also said that the growth is due to a recovery in demand for the first time since 2010 among advanced economies in the OECD region, particularly in the US.
The bulk of the demand is expected to come from non-OECD countries however, especially China and the Middle East.
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