OPEC recently held high-level energy dialogues with China and India, its second- and third-largest oil consumers, covering market stability, energy security and investment. Fresh data from the Energy Institute shows where each country stands in global oil demand.
OPEC held its eighth high-level OPEC-China energy dialogue in Beijing, co-chaired by Wang Hongzhi, Administrator of China's National Energy Administration, and OPEC Secretary General Haitham Al Ghais. The meeting focused on oil market stability, energy security, and timely investment across the oil industry. Both sides reviewed short-, medium- and long-term demand outlooks, with OPEC's World Oil Outlook 2026 expecting China to remain one of the largest contributors to global oil demand through 2050.
Hongzhi said the dialogue mechanism, established in 2005, has produced seven high-level dialogues and three roundtables to date. The ninth OPEC-China meeting will take place in Vienna in 2027.
New Delhi talks mirror the Beijing dialogue
OPEC also held its seventh high-level OPEC-India energy dialogue in New Delhi, co-chaired by India's Petroleum and Natural Gas Minister Hardeep Singh Puri and Al Ghais. Puri called for sustained dialogue between producers and consumers to support investment and ensure reliable energy supplies. According to OPEC's statement, Al Ghais said: "many of India's energy priorities are OPEC's priorities", underscoring the countries' alignment on energy issues. The eighth OPEC-India meeting is set for Vienna at a date yet to be confirmed.
Consumption data shows where demand concentrates
The Energy Institute's latest statistical review put U.S. oil consumption at 19.404 million barrels per day in 2025, up 1.3% year on year and 18.8% of global demand. China followed with 17.360 million barrels per day, a 2.7% increase that made up 16.8% of the world total. India consumed 5.642 million barrels per day, up 0.5% and representing 5.5% of global consumption.
Global oil demand reached 103.039 million barrels per day in 2025, a 1.3% increase from the prior year. Over the past decade, global demand grew by an average of 1.0% annually, while China's consumption rose fastest among the three largest consumers, at an average of 3.9% a year.
Source: Rigzone
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