Mumbai, Nov. 12 -- OPEC stated in its latest monthly update that global oil demand is forecast to grow by 0.2 mb/d in 2026, y-o-y, unchanged from last month's assessment. The OECD oil demand is forecast to ease by about 0.2 mb/d, while the non-OECD oil demand is forecast to grow by about 0.4 mb/d. Global oil demand in 2027 is forecast to grow by about 2.6 mb/d, y-o-y, unchanged from previous month's assessment. The OECD oil demand is forecast to grow by about 0.5 mb/d, while the non-OECD oil demand is forecast to grow by about 2 mb/d.
OPEC noted further that Non-DoC liquids production (i.e., liquids production from countries not participating in the Declaration of Cooperation) is forecast to grow by about 0.6 mb/d, y-o-y, in 2026, unchange...