In its latest monthly oil market report released in February, OPEC anticipates global oil demand to rise by 1.45 million barrels per day (bpd) in 2025, followed by an increase of 1.43 million bpd in 2026.

According to the organization, this year’s growth is expected to be fueled by strong demand for transportation fuels, particularly due to increased air travel and stable road mobility. Additionally, non-OECD countries are projected to see higher oil consumption in the industrial, construction, and agricultural sectors.

OPEC also maintained its global economic growth outlook, forecasting an expansion of 3.1 percent in 2025 and 3.2 percent in 2026.

Lake Kivu has been identified among areas for potential oil exploration.