The oil cartel OPEC leaves its forecasts for growth in global oil demand in 2026 and 2027 unchanged. This is stated in the November report.
Demand is expected to increase by 0.18 million barrels per day this year and by 2.55 million barrels per day in 2027, in line with the previous month’s estimate.
Global demand is expected to amount to 105.72 million barrels per day in 2026 and 108.28 million in 2027.
Crude oil production in the DoC countries meanwhile rose by 2.04 million barrels per day in October to 41.23 million barrels per day, according to OPEC’s secondary sources.
OPECNovemberOctober(million barrels per day)Global demand 2026105.72105.72Global demand 2027108.28108.28
