Mumbai, Nov. 14 -- Organization of the Petroleum Exporting Countries or OPEC has stated in a monthly update that the global oil demand growth forecast for 2025 remains at about 1.3 mb/d, y-o-y, unchanged from last month's assessment. In the OECD, oil demand is forecast to grow by about 0.1 mb/d in 2025, while the non-OECD is forecast to grow by about 1.2 mb/d. In 2026, global oil demand is forecast to grow by about 1.4 mb/d, y-o-y, unchanged from last month' assessment. The OECD is forecast to grow by about 0.1 mb/d, y-o-y, while the non-OECD is forecast to grow by about 1.2 mb/d, y-o-y.
OPEC noted that Non-DoC liquids production (i.e., liquids production from countries not participating in the Declaration of Cooperation) is forecast to gr...