The OPEC organization, which brings together the largest oil producers to control prices, has published its monthly report, and oil prices fell by more than 1% following the publication.
The organization points to the continuation of several trends regarding oil production and consumption worldwide.
Demand for oil continues to grow, but the growth rate is increasingly slowing down.
- By the end of 2025, it is expected to reach 105.1 million barrels of oil per day, and in 2026, it is expected to average as much as 106.5 million barrels of oil per day.
The growth is primarily visible among non-OECD countries, while the demand for oil in developed countries remains stable at 46 million barrels.
In terms of product breakdown, LPG gas is the leader in growth, followed by gasoline and so-called light oil distillates. Diesel shows meager growth, and the demand for heavy distillates is declining in nominal terms.
In the futures market, the number of net long positions on WTI oil continues to decline and remains at local lows. Much larger net long positioning can be observed on Brent oil.
Looking at the prices of oil varieties, the biggest losses are recorded by Zafario oil from Guinea and Ural oil from Russia.
OPEC is optimistic about the economic development forecasts worldwide in 2026.
- The organization expects an average growth of 3.1%, with India and China being the leaders in growth. OPEC also forecasts an improvement in the economic situation in the USA, a stable situation in Europe, and further slowdown in Russia.
The most important part of the report in the context of the current market situation is the supply side of oil. OPEC points to significant and stable growth in oil production in non-OPEC countries.
The leader in the ranking is the USA, with an average production increase of 22.07 million barrels of oil in 2025, which represents an increase of about 300,000 barrels.
However, production is expected to slightly decline in Q4-2025. Significant increases are also registered in Latin America, mainly Brazil and Argentina.
OIL.WTI (H1)
Source: xStation5
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
