OPEC keeps non-OPEC+ supply growth forecast for 2026
Résumé détaillé
Brazil, the United States, Canada and Argentina are expected to be the main growth drivers
MOSCOW, November 11. /TASS/. The Organization of Petroleum Exporting Countries (OPEC) has kept its forecast for liquid hydrocarbons production increase by non-OPEC+ countries at 0.6 mln barrels per day, the organization said in the November report.
Brazil, the United States, Canada and Argentina are expected to be the main growth drivers, the report indicates.
Oil production is expected to grow by 0.6 mln barrels per day in 2027 as well. Qatar, Canada, Brazil and Argentina will drive production increase.
OPEC also expects that the global oil demand will grow by 0.2 mln barrels daily and the demand itself will amount to 105.72 mln barrels a day, the organization noted.
In 2027, the global oil demand will gain about 2.6 mln barrels per day in annual terms.
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