The Organisation of Petroleum Exporting Countries (OPEC) forecast in July that demand for crude will increase next year. This is OPEC's first gauge of the market for 2015.
OPEC said in its latest report that oil consumption will increase by 1.21m barrels per day (bpd) in 2015., compared with a rise of 1.13m bpd this year. Major industrial nations such as the US and the UK will also see consumption rise for the first time since 2010.
Basically this increase in demand will of course lead to a subsequent increase in price. We can expect price increases all round then in 2015, as energy costs go up. So enjoy the lower fuel prices now while they last!
