Figure3.1Annualincrementaloildemandbyregion,2021-2027mb/dSourceOPEC2021202220232024202520262027OECD2.641.790.600.03-0.19-0.35-0.46Non-OECD3.101.582.101.431.241.141.10Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.rldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakeresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordearilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,oretroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationslueinanyproceedings.2021202220232024202520262027-10123456OECDNon-OECDmb/dess,finance,investmentconsultantorother,theOPECSecretariatmakesnowarrantiesributabletoanyactionordecisiontakenaseographicalentitiesintheWorldOilcountry,territoryorarea,orofitsdifyinganylegalobligationsunderanyFigure3.2Incrementaloildemandbyregion,2021-2027mb/dSource:OPECOECD1.42Non-OECD8.59World10.01Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesGrowth2021-2027Disclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsandtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.Nothinlaworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.OECDNon-OECDWorld02468dOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsuonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesesponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecrilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWoonwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsautherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreegs.681012mb/ds,finance,investmentconsultantorothertheOPECSecretariatmakesnowarrantiesbutabletoanyactionordecisiontakenasaographicalentitiesintheWorldOilOutlook,rritoryorarea,orofitsauthorities,orobligationsunderanyagreement,treaty,Figure3.3Averageannualoildemandincrementsbyregion,2021-2045mb/dSource:OPEC2021-20252025-20302030-20352035-2040OECD0.56-0.50-0.69-0.72India0.270.250.250.27China0.410.150.090.04Othernon-OECD0.910.670.570.48World2.140.570.230.06Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuretheaccuracyofthecomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamageTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCounutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormMedium-termanalysisGrowthintheReferenceCaseOECDAmericas0.100.1%OECDEurope-0.67-0.8%-0.55-1.2%OECDLatinAmerica0.401.0%0.451.7%India0.993.2%China1.371.7%OtherAsia0.871.5%OPEC0.801.5%DevelopingcountriesRussia0.150.7%OtherEurasia0.070.5%EurasiaWorld3.980.7%OECDAsiaOceaniaMiddleEast&AfricaRevisionsWOO2018mb/d25.4OECDAmericas114.1OECDEurope57.7OECDAsiaOceania447.2OECD6.4LatinAmerica24.5MiddleEast&Africa86.1India1114.5China910.1OtherAsia1010.5OPEC1252.13.8Russia72.2OtherEurasia66.1Eurasia105.3WORLDOECAmer0.02.04.06.08.010.012.0mb/d-0.40.10.61.11.62.12.6mb/dmb/d-0.40.12040-2045-0.680.29-0.010.410.01eWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmenadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentmission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingonnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesinofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningthebeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalop2021-20252025-20302030-20352035-20402040-2045-1.0-0.50.00.51.01.52.02.5OECDIndiaChinaOthernon-OECDWorldmb/drank8111020192020202120222023202460.1-0.40.20.20.10.150.1-0.40.20.20.20.220.1-0.50.70.20.20.20.2310.4-1.01.10.40.30.30.1530.1-0.60.50.30.20.20.1340.1-0.50.40.20.20.20.000.1-0.60.30.20.10.11.0-4.03.51.61.41.379OECDAmericasOECDEuropeOECDAsiaOceaniaLatinAmericaMiddleEast&AfricaIndiaChinaOtherAsiaOPECRussia0.02.04.06.08.010.012.0mb/d1-0.40.10.61.11.62.12.6mb/dmb/d1-0.40.1Series1Series2Series3ombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeamakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorasaresultofusingorrelyingontheinformationintheWorldOilOutlook.ationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationoftsauthorities,orconcerningtheexploration,exploitation,refining,marketingandtexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.5-20402040-2045n-OECDWorldChina1.371.7%India0.993.2%OtherAsia0.871.5%2025OPEC0.801.5%0.1MiddleEast0.451.7%0.2LatinAmeri0.401.0%0.2Russia0.150.7%0.3OtherEuras0.070.5%0.2OECDAmeri0.0980.1%0.2OECDAsia-0.546-1.2%0.1OECDEuro-0.668-0.8%1.30.82.02.53.03.5mb/d0.00.51.01.52.02.53.0OECDAsiaOPECRussia1OECDDevelopingcountriesEurasiaWorldFigure3.4AnnualoildemandgrowthintheOECD,2021-2027mb/dSource:OPEC2021202220232024202520262027OECDAmericas1.721.000.480.220.03-0.09-0.17OECDEurope0.650.630.08-0.15-0.14-0.16-0.18OECDAsia-Pacific0.270.160.04-0.04-0.09-0.10-0.10Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.2021202220232024202520262027-1.0-0.50.00.51.01.52.02.53.0OECDAmericasOECDEuropeOECDAsia-Pacificmb/dFigure3.5OECDoildemandbysector,2021-2045mb/dSource:OPEC2021202220232024202520262027Road22.0022.7423.1823.1122.9722.5622.10Aviation3.033.503.663.723.753.793.82Petrochemicals7.147.397.467.597.677.757.82Othersectors12.6012.9212.8512.7712.6012.5312.44Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonabletheOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumeconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitstheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwterritoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetrmodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingpro202120222023202420252026202701020304050RoadAvmb/d202820292030203120322033203420352036203721.6121.1020.5920.1419.6819.2118.7318.2617.8517.453.853.863.873.913.933.953.973.983.994.007.887.927.957.917.857.797.727.647.567.4812.3412.2212.0911.9211.7411.5611.3711.1810.9310.68dOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentnykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,ehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisingininformationintheWorldOilOutlook.rilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesinexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,gandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingoregalopinionsorhavingprobativelegalvalueinanyproceedings.2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045RoadAviationPetrochemicalsOthersectorsd2038203920402041204220432044204517.0616.6716.2815.8615.4515.0514.6614.284.014.014.014.064.104.144.174.217.407.327.237.177.117.056.986.9210.4410.209.969.709.449.198.948.70s,finance,investmentWorldOilOutlook,damagearisinginographicalentitiesintatusofanycountry,edasinterpretingorBox3.1Figure1EstimatedEU-27passengerfleetcompositionunder’Fitfor55’,2020-2040millionSource:OPEC2020202120222023202420252026PHEVs0.982.083.184.305.436.597.73BEVs1.212.333.555.046.778.8011.14FCEVs0.010.020.030.050.080.110.15ICEVs252.20248.87244.56239.80234.69229.25222.63HEVs4.096.368.6310.9313.2415.5717.87Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnowithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorlegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalva20202021202220232024202520262027050100150200250300ICEVsmillion2027202820292030203120322033203420358.9310.1711.4412.7413.4813.8213.8713.7213.0313.9617.2821.2225.8831.2637.4644.6352.9362.550.200.260.350.450.630.911.352.053.16216.68210.15202.92195.90188.98181.96174.50166.63158.3320.2722.6925.1426.5527.6428.2828.4827.8826.49WorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,thprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnecationintheWorldOilOutlook.cessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesinthexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territndutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyingonsorhavingprobativelegalvalueinanyproceedings.20212022202320242025202620272028202920302031203220332034203520362037203820392040ICEVsHEVsPHEVsBEVsFCEVslion2036203720382039204012.3811.7611.1610.5910.0571.7080.4188.7096.57104.064.235.266.267.238.16150.39142.81135.57128.65122.0425.1623.8922.6821.5220.42business,finance,investmentedintheWorldOilOutlook,thessordamagearisinginconnectiononofgeographicalentitiesinthegalstatusofanycountry,territorydasinterpretingormodifyinganyBox3.1Figure2OildemandintheEU-27bysectorundertheassumptionthatthe‘Fitfor55’packageisfullyimplemented,2021-2045mb/dSource:OPEC202120222023202420252026Road5.035.135.115.064.954.84Aviation0.760.870.890.880.880.88Marinebunkers0.740.770.780.780.770.75Petrochemicals1.551.561.581.581.581.58Otherindustry1.041.041.010.960.920.89Othersectors1.641.681.691.681.651.62WOOReferenceCase10.7411.1311.1611.0310.9210.79Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebwarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityfodecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.202120222023202420252026202720282029024681012RoadAvOtherindustryOtmb/demented,2021-204520272028202920302031203220332034203520364.734.614.494.374.244.113.973.813.643.460.880.880.880.870.860.850.840.820.800.780.740.720.700.680.660.640.610.580.550.511.571.571.561.551.541.531.521.501.491.470.860.820.780.750.730.710.670.640.600.551.591.561.531.491.451.401.351.311.261.2310.6210.4510.2810.099.919.729.539.349.158.96dOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsutreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatiabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyacrilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWoanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,ororoleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsuueinanyproceedings.220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045RoadAviationMarinebunkersPetrochemicalsOtherindustryOthersectorsWOOReferenceCase2037203820392040204120422043204420453.303.142.992.852.682.522.372.222.080.760.730.710.680.660.630.610.580.550.470.430.390.350.300.260.220.190.161.451.421.401.381.351.321.301.271.250.500.450.400.350.300.260.210.180.151.191.161.131.091.081.061.051.041.038.788.608.428.248.067.897.717.547.37nance,investmentconsultantork,theOPECSecretariatmakesnoorattributabletoanyactionorphicalentitiesintheWorldOiltry,territoryorarea,orofitsganylegalobligationsunderanyFigure3.6OECDoildemandbyproduct,2021-2045mb/dSource:OPEC202120242027203520455.666.026.255.954.89Naphtha2.842.972.972.922.80Gasoline14.0814.9414.4812.199.813.454.134.224.294.43Diesel12.2012.5512.0110.247.94Fueloil1.911.911.771.501.134.644.674.493.993.10Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesEthane/LPGJet/KeroseneOtherproductsDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveritsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceeEthane/LPG0246810121416mb/dWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,thesiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwitheWorldOilOutlook.essarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesinthsionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorafitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligbativelegalvalueinanyproceedings.Ethane/LPGNaphthaGasolineJet/KeroseneDieselFueloilOtherproducts024681012141620212024202720352045mb/dss,finance,investmenteWorldOilOutlook,theOPECarisinginconnectionwithorographicalentitiesintheWorldnycountry,territoryorarea,orofmodifyinganylegalobligationsFigure3.7Annualoildemandgrowthinnon-OECDcountries,2021-2027mb/dSource:OPEC2021202220232024202520262027India0.260.360.240.220.240.250.24China1.080.320.730.360.230.180.16OtherAsia0.500.500.360.290.230.200.19Othernon-OECD1.260.400.770.560.540.510.50Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsandtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.Nothinlaworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.OilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsuonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesesponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecrilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWonwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthrenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreegs.20212022202320242025202620270.00.51.01.52.02.53.03.5ChinaIndiaOtherAsiaOthernon-OECDmb/ds,finance,investmentconsultantorothertheOPECSecretariatmakesnowarrantiesbutabletoanyactionordecisiontakenasagraphicalentitiesintheWorldOilOutlook,rritoryorarea,orofitsauthorities,orobligationsunderanyagreement,treaty,2027OECDFigure3.8Non-OECDregionaloildemandgrowth,2021-2027mb/d,%Source:OPECGrowth%averagegrowthp.a.[RHS]China1.992.11OtherAsia1.773.17India1.554.81MiddleEast1.362.71Africa0.883.21LatinAmerica0.832.11Russia0.110.52OtherEurasia0.070.89OtherEurope0.0260.57Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.ChinaOtherAsiaIndiaMiddleEast0.00.51.01.52.02.53.0mb/dilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultatreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofieumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsundalueinanyproceedings.IndiaMiddleEastAfricaLatinAmericaRussiaOtherEurasiaOtherEurope0123456%averagegrowthp.a.[RHS]%finance,investmentconsultanttlook,theOPECSecretariatectionwithorattributabletoaphicalentitiesintheWorldOilntry,territoryorarea,orofitsnganylegalobligationsunderFigure3.9Non-OECDregionaloildemandgrowth,2027-2045mb/d,%Source:OPECGrowth%averagegrowthp.a.[RHS]India4.773.17OtherAsia2.931.39Africa2.692.38MiddleEast2.181.19LatinAmerica1.250.91China0.980.31OtherEurasia0.220.90Russia0.060.09OtherEurope-0.079-0.59Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.IndiaOtherAsiaAfricaMiddleEastLatinAm-1012345mb/dilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultatreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofieumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsundalueinanyproceedings.AfricaMiddleEastLatinAmericaChinaOtherEurasiaRussiaOtherEurope-1012345%averagegrowthp.a.[RHS]%finance,investmentconsultanttlook,theOPECSecretariatectionwithorattributabletoaphicalentitiesintheWorldOilntry,territoryorarea,orofitsnganylegalobligationsunderFigure3.10OildemandinIndiabysector,2021and2045mb/dSource:OPEC2021demandIncrementaldemandto2045Road1.943.73Aviation0.140.49Rail/waterways0.070.010.030.04Petro-chemicals0.440.670.920.591.050.730.190.06Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesMarinebunkersOtherindustryAgric.Electr.generationDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformafinance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykininformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,reintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,lawproceedings.RoadAviatio0123456mb/dilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,abenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuretheaccuracyofthentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanynyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.yreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.Thedesignationofals,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.Nothingyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyRoadAviationRail/waterwaysMarinebunkersPetro-chemicalsOtherindustryResid./Comm./Agric.Electr.generation0123456Incrementaldemandto20452021demandmb/dFigure3.11OildemandinIndiabyproduct,2021-2045mb/dSource:OPEC202120252030203520402045Ethane/LPG0.800.961.111.271.411.51Naphtha0.310.380.490.580.670.78Gasoline0.650.861.141.461.832.29Jet/kerosene0.280.390.460.540.620.73Diesel1.792.192.693.173.654.20Fueloil0.140.160.180.190.200.21Otherproducts0.810.891.001.121.271.38Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.202120252030203520402045024681012Ethane/LPGNaphthaGasolineJet/keroseneDieselFueloilOtherproductsmb/dFigure3.12OildemandinChinabyproduct,2021-2045mb/dSource:OPEC202120252030203520402045Ethane/LPG2.002.242.212.172.162.14Naphtha1.391.561.671.771.841.92Gasoline3.544.004.234.334.344.29Jet/kerosene0.770.981.061.181.211.23Diesel4.094.574.794.894.954.93Fueloil0.620.630.630.610.590.57Otherproducts2.522.602.732.792.852.83Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.20212025203020352040204502468101214161820Ethane/LPGNaphthaGasolineJet/keroseneDieselFueloilOtherproductsmb/dFigure3.13OildemandinChinabysector,2021-2045mb/dSource:OPEC2021202520352045Road6.217.017.607.56Aviation0.730.951.141.20Rail/Waterways0.680.770.850.90Marinebunkers0.300.340.360.35Petrochemicals2.202.392.652.85Otherindustry2.102.192.132.00Resid./Comm./Agr.2.472.752.822.89Electricitygeneration0.250.190.180.17Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccurausingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.RoadAviation012345678mb/dorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentcoeasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmaesponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecssarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthoritieources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treatyRoadAviationRail/WaterwaysMarinebunkersPetrochemicalsOtherindustryResid./Comm./Agr.Electricitygeneration0123456782045203520252021mb/dness,finance,investmentconsultantorotherok,theOPECSecretariatmakesnowarrantiesorbutabletoanyactionordecisiontakenasaresultofgeographicalentitiesintheWorldOilOutlook,andtheyorarea,orofitsauthorities,orconcerningtheunderanyagreement,treaty,laworothertexts;orFigure3.14Oildemandin'OtherAsia'bysector,2021-2045mb/dSource:OPEC202120252030203520402045Road3.253.954.394.785.165.52Aviation0.600.901.021.131.251.35Marinebunkers1.111.271.381.471.561.64Petrochemicals1.311.531.701.862.012.17Othersectors2.362.362.462.532.602.65Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.20212025203020352040204502468101214RoadAviationMarinebunkersPetrochemicalsOthersectorsmb/dFigure3.15OildemandintheMiddleEastbysector,2021-2045mb/dSource:OPEC202120252030203520402045Road2.783.223.613.964.194.35Aviation0.200.450.470.550.630.68Marinebunkers0.420.490.530.570.580.59Petrochemicals1.191.521.741.972.382.59Electricitygeneration1.461.481.471.441.341.28Othersectors1.691.711.982.101.981.95Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.20212025203020352040204502468101214RoadAviationMarinebunkersPetrochemicalsElectricitygenerationOthersectorsmb/dFigure3.16Oildemandgrowthbysector,2021-2045mb/dSource:OPECBaseRoadAviationOtherPetrochemicalsOtherindustryElectricitygenerationResid/Comm/AgrDemandin202196.92Growthintransportation96.923.824.100.84Growthinindustry105.683.680.52Growthinothersectors109.050.860.83Demandin2045109.84Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.Demandin2021GrowthintransportationGrowthinindustryGrowthinothersectorsDemandin2045909510010511011596.9109.8Road;3.8Aviation;4.1Other;0.8Petrochemicals;3.7Otherindustry,0.5Electricitygeneration,-0.9Resid/Comm/Agr;0.8mb/dFigure3.17SectoraloildemandintheOECDregion,2021and2045mb/dSource:OPEC20212045Road22.0014.28Aviation3.034.21Rail/waterways0.740.491.521.12Petro-chemicals7.146.925.204.033.872.691.270.38Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesMarinebunkersOtherindustryAgric.Electr.generationDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorieffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmrelevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylosanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,oroexploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlooksobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinRoadAviationRail/waterwaysMarinebunkersPetro-0510152025mb/dWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasameanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,rrororomission,orforanylossordamagearisinginconnectionwithorattributabletoutlook.essarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberesentationofdataandothermaterials,donotimplytheexpressionofanyopinionycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,hingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalhavingprobativelegalvalueinanyproceedings.nRail/waterwaysMarinebunkersPetro-chemicalsOtherindustryResid./Comm./Agric.Electr.generation20212045Figure3.18Sectoraloildemandinnon-OECDcountries,2021and2045mb/dSource:OPEC20212045Road21.1532.69Aviation2.365.28Rail/waterways1.161.622.523.55Petro-chemicals6.6910.597.569.257.089.093.643.67Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesMarinebunkersOtherindustryAgric.Electr.generationDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorieffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmrelevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylosanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,oroexploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlooksobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinRoadAviationRail/waterwaysMarinebunkers05101520253035mb/dWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasameanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,rrororomission,orforanylossordamagearisinginconnectionwithorattributabletoutlook.essarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberesentationofdataandothermaterials,donotimplytheexpressionofanyopinionycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,hingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalhavingprobativelegalvalueinanyproceedings.AviationRail/waterwaysMarinebunkersPetro-chemicalsOtherindustryResid./Comm./Agric.Electr.generation20212045Figure3.19Globalfleetcomposition,2021-2045million,%SourceOPEC2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045FCEVs0.110.140.190.250.320.410.550.720.941.241.622.102.723.514.505.747.269.2611.5214.2615.9318.1920.5422.9625.48NGVs32.8635.3738.0340.8143.7046.8750.1753.5657.0360.5764.1867.8371.5175.2178.9282.6286.3189.9693.5897.18100.80104.33107.84111.33114.81HEVs22.4024.8527.4930.3433.4036.7440.3644.2048.2652.5356.9661.5766.3471.2576.2881.4186.5991.7896.99102.19107.28112.37117.44122.49127.53EVs15.2620.7525.6530.7537.2445.8356.6871.2688.83108.82130.96155.09180.89208.04236.22265.13294.45323.81353.18382.46412.94443.49474.54506.09538.16Conventional1,411.651,441.011,464.261,488.351,513.151,540.121,565.881,588.911,609.201,627.291,643.411,657.391,669.301,679.411,688.041,695.521,701.791,706.631,711.001,714.891,718.341,720.411,721.991,723.091,723.75ShareofEVs(RHS)1.031.361.651.932.292.743.314.054.925.886.907.989.0910.2111.3412.4413.5314.5815.5816.5517.5318.4919.4320.3621.27ShareofAFVs(RHS)3.253.704.114.514.995.586.277.148.149.2210.3711.5812.8214.0715.3416.5917.8319.0420.2221.3722.4923.6024.6925.7626.82Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.05001,0001,5002,0002,5003,000081624324048FCEVsEVsNGVsHEVsConventionalShareofEVs(RHS)ShareofAFVs(RHS)million%Figure3.20DemandinroadtransportationinOECDcountries,2021and2045mb/dSource:OPECDemandrecovery1.520.844.044.401.65OECD22.0022.0023.5320.3315.9314.2814.28Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDemandin2021IncreasingcarfleetFuelefficiencyPenetrationofAFVDecliningVMTDemandin2045Disclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.Demandin2021DemandrecoveryIncreasingcarfleetFuelefficiencyPenetrationofAFVDecliningVMTDemandin2045051015202522.014.31.50.8-4.0-4.4-1.6mb/dFigure3.21Demandinroadtransportationinnon-OECDcountries,2021and2045mb/dSource:OPECDemandrecovery0.0328.918.295.763.35non-OECD21.1521.1521.1841.8036.0432.6932.69Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDemandin2021IncreasingcarfleetFuelefficiencyPenetrationofAFVDecliningVMTDemandin2045Disclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.Demandin2021DemandrecoveryIncreasingcarfleetFuelefficiencyPenetrationofAFVDecliningVMTDemandin2045010203040506021.132.70.028.9-8.3-5.8-3.4mb/dFigure3.22Oildemandintheaviationsector,2019-2027mb/dSource:OPEC201920202021202220232024OECD3.831.863.033.503.663.72China0.270.230.260.280.310.32OtherAsia0.390.150.200.260.340.38Othernon-OECD2.211.281.892.122.372.57Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorieffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmrelevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylosanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,oroexploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlooksobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvaluein2025202620273.753.793.820.340.350.360.450.450.462.712.782.84eWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasaorismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,y,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoilOutlook.necessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberdpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalorhavingprobativelegalvalueinanyproceedings.201920202021202220232024202520012345678OECDChinaOtherAsiaOthernon-OECDmb/d2024202520262027Figure3.23Regionaldemandinthepetrochemicalsectorbyproduct,2021–2045mb/dSource:OPEC202120352045Ethane1.962.492.26LPG0.840.790.69Naphtha0.330.400.39Other0.270.290.24China202120352045Ethane0.130.100.12LPG0.210.220.21Naphtha1.391.771.92Other0.460.560.61India202120352045Ethane0.090.170.23LPG0.000.000.00Naphtha0.310.580.78Other0.050.080.11MiddleEast202120352045Ethane0.861.461.91LPG0.230.370.49Naphtha0.090.140.19Other0.000.000.00OtherAsia202020352045Ethane0.120.220.30LPG0.150.150.10Naphtha0.941.381.68Other0.100.110.09Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesOECDAmericas2020203520452021203520452021203520452021203520452021203520450.00.51.01.52.02.53.03.54.04.5mb/dChinaOECDAmer-icasDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorireasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomiswithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryoraexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOmodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingpro20452045204520452045EthaneLPGNaphthaOtherMIddleEastChinaOtherAsiaIndiaOilOutlookisforinformationalpurposesonlyandisneitherintendedasanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstdOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsinaccuracy,errororomission,orforanylossordamagearisinginconnectionntheWorldOilOutlook.lyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMembertationofdataandothermaterials,donotimplytheexpressionofanyanycountry,territoryorarea,orofitsauthorities,orconcerningthees.NothingintheWorldOilOutlookshallbeconstruedasinterpretingorgalopinionsorhavingprobativelegalvalueinanyproceedings.Figure3.24Demandgrowthbyproductcategorybetween2021and2045mb/dSource:OPECbaseEthane/LPGNaphthaGasolineJet/KeroGasoil/DieselResidualfuelOtherproductsDemandin202196.9296.922.601.951.87Growthinmiddledistillates103.343.842.45109.630.120.10Demandin2045109.84Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesGrowthinlightproductsGrowthinheavyproductsDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.Demandin2021GrowthinlightproductsGrowthinmiddledistillatesGrowthinheavyproductsDemandin2045909510010511011596.9109.8Ethane/LPG;2.6Naphtha;2.0Gasoline;1.9Jet/Kero;3.8Gasoil/Diesel,2.4Residualfuel;0.1Otherproducts;0.1mb/dFigure3.25Growthinglobaloildemandbyproductmb/dSource:OPEC1.760.84Naphtha0.761.19Gasoline2.57-0.70Jet/Kero2.071.772.160.280.30-0.18Otherproducts0.38-0.28Totalsmaynotaddupduetorounding.©2022organizationofthePetroleumExportingCountriesGrowth2021-2027Growth2027-2045Ethane/LPGGasoil/DieselResidualfuelDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaforadvicefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputdatatbeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagedecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsThedesignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandothermaterials,dpartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingtreaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.Ethane/LPGNaphthaGasolineJe-10123mb/drldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteeabenchmarkorinputdatatoabenchmarkofanykind.WhilstreasonableeffortshaveECSecretariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorn,orforanylossordamagearisinginconnectionwithorattributabletoanyactionorsarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.fdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthearea,orofitsauthorities,orconcerningtheexploration,exploitation,refining,marketingbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,proceedings.NaphthaGasolineJet/KeroGasoil/DieselResidualfuelOtherproductsGrowth2021-2027Growth2027-2045