In its newest Annual Statistical Bulletin (ASB), which was launched not too long ago, OPEC projected that world oil demand grew by 1.30 million barrels per day yr on yr in 2025, reaching 105.15 million barrels per day, a launch posted on OPEC’s web site outlined.
The ASB confirmed that oil demand grew yr on yr in virtually each area, the discharge highlighted, noting that the biggest good points recorded in non-OECD Asia, China, Africa, Latin America, India, and the Center East.
Whole world crude oil manufacturing additionally elevated in 2025 by 2.24 million barrels per day in comparison with 2024, reaching a median of 74.85 million barrels per day, in keeping with the ASB, the discharge identified.
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“Crude oil manufacturing from OPEC member international locations and non-OPEC oil producing international locations collaborating within the Declaration of Cooperation (DoC) elevated, yr on yr, by 1.22 million barrels per day and 0.12 million barrels per day respectively, whereas crude manufacturing from non-DoC international locations rose by 0.90 million barrels per day,” the discharge acknowledged.
The ASB was first printed in 1965 and is one among OPEC’s flagship publications, the discharge famous, including that it “continues to supply a broad vary of statistics and figures on the worldwide power trade”.
“Notably specializing in oil and pure gasoline, along with main key financial indicators, the ASB serves as a number one supply of dependable knowledge for officers, policymakers, trade specialists, analysts, researchers, members of academia and different stakeholders,” the discharge acknowledged.
On its web site, OPEC states that its mission is “to coordinate and unify the petroleum insurance policies of its member international locations and make sure the stabilization of oil markets with a view to safe an environment friendly, financial and common provide of petroleum to shoppers, a gentle revenue to producers and a good return on capital for these investing within the petroleum trade”.
The group is made up of Algeria, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, and Venezuela. The United Arab Emirates’ Ministry of Vitality and Infrastructure introduced, in an announcement posted on its X web page which was translated from Arabic, that the nation had decided to withdraw from OPEC and OPEC+, efficient Could 1.
In its newest quick time period power outlook (STEO), which was launched on April 7, the U.S. Vitality Info Administration (EIA) confirmed that world petroleum and different liquid fuels consumption averaged 103.97 million barrels per day final yr.
OECD consumption made up 45.89 million barrels per day of this complete and non-OECD demand made up 58.08 million barrels per day, that STEO highlighted.
World petroleum and different liquid fuels manufacturing got here in at 106.30 million barrels per day in 2025, in keeping with the EIA report, which confirmed that crude oil output totaled 78.93 million barrels per day final yr and different liquids got here in at 27.37 million barrels per day.
The 2025 world petroleum and different liquid fuels manufacturing complete of 106.30 million barrels per day comprised 33.79 million barrels per day from OPEC, made up of 27.99 million barrels per day of crude oil and 5.80 million barrels per day of different liquids, and 72.51 million barrels per day from non-OPEC sources, made up of fifty.94 million barrels per day of crude oil and 21.57 million barrels per day of different liquids, the STEO confirmed.
The EIA states in its STEO that it’s the statistical and analytical company throughout the U.S. Division of Vitality.
“By regulation, our knowledge, analyses, and forecasts are impartial of approval by every other officer or worker of the U.S. Authorities,” the EIA notes in its STEO.
“The views on this report don’t signify these of DOE or every other federal companies,” it provides.
The EIA’s subsequent quick time period power outlook (STEO) is scheduled to be launched on Could 12.
To contact the writer, e-mail andreas.exarheas@rigzone.com
