OPEC keeps forecast for non-OPEC+ oil supply growth unchanged

OPEC kept unchanged its forecast for oil and other liquid hydrocarbon output in countries outside the OPEC+ agreement in 2026–2027, the group said in its monthly report.

Output in non-OPEC+ countries is expected at 54.83 million barrels per day in 2026, up 630,000 bpd from the 2025 estimate.

OPEC forecasts production to rise further to 55.45 million bpd in 2027, up 620,000 bpd from 2026.

The main growth is expected to come from the United States, Brazil, Canada and Norway.