Oil Demand Holds Steady, Supply Debate Heats Up ...Middle East

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Oil Demand Holds Steady, Supply Debate Heats Up
source : OILPRICE ( Middle East ) () 117
OPEC’s view of global oil demand growth was left unchanged as of today’s September Monthly Oil Market Report, at 1.3 million bpd for 2025, with non-OECD economies once again doing the heavy lifting. The OECD share of demand growth is negligible at 0.1 million bpd, while Asia, the Middle East, and parts of Latin America make up the balance. For 2026, OPEC sees demand inching higher to 1.4 million bpd. The supply figures, however, are more contentious. Producers outside the OPEC+ framework are set to add 0.8 million bpd next year and…

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