Sensex: 85,720.38 (-0.02%)

Nifty: 26,202.95 (-0.05%)

anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
Market Speaks: Global oil demand growth forecast for this year remains at about 1.3 million barrels per day, says OPEC
14-Nov-2025 11:15

Organization of the Petroleum Exporting Countries or OPEC has stated in a monthly update that the global oil demand growth forecast for 2025 remains at about 1.3 mb/d, y-o-y, unchanged from last month’s assessment. In the OECD, oil demand is forecast to grow by about 0.1 mb/d in 2025, while the non-OECD is forecast to grow by about 1.2 mb/d. In 2026, global oil demand is forecast to grow by about 1.4 mb/d, y-o-y, unchanged from last month’ assessment. The OECD is forecast to grow by about 0.1 mb/d, y-o-y, while the non-OECD is forecast to grow by about 1.2 mb/d, y-o-y.

OPEC noted that Non-DoC liquids production (i.e., liquids production from countries not participating in the Declaration of Cooperation) is forecast to grow by about 0.9 mb/d, y-o-y, in 2025, revised up slightly by around 0.1 mb/d from last month’s assessment, mainly due to received historical data in 2025. The main growth drivers are expected to be the US, Brazil, Canada, and Argentina. The non-DoC liquids production growth forecast for 2026 remains at 0.6 mb/d, y-o-y, with Brazil, Canada, US, and Argentina as the main growth drivers.

Natural gas liquids (NGLs) and non-conventional liquids from countries participating in the DoC are forecast to grow by 0.1 mb/d, y-o-y, in 2025, to average 8.6 mb/d, followed by a similar increase of about 0.1 mb/d, y-o-y, in 2026, to average 8.8 mb/d. Crude oil production by countries participating in the DoC decreased by 73 tb/d in October, m-o-m, to average about 43.02 mb/d, according to available secondary sources.

The OECD crude oil commercial stocks stood at 1,331 mb. This was 21.3 mb higher than a year ago, but 29.6 mb below the latest five-year average, and 103.9 mb less than the 2015-2019 average. OECD total product stocks stood at 1,513 mb. This is 16.4 mb higher than a year ago, 7.3 mb above the latest five-year average, but 18.4 mb below the 2015-2019 average. In terms of days of forward cover, OECD commercial stocks rose by 0.1 days, m-o-m, in September, to stand at 61.3 days. This is 0.6 days higher than a year ago, but 2.0 days less than the latest five-year average, and 1.2 days lower than the 2015-2019 average.

Powered by Commodity Insights

Attention Investor
As per CDSL communiqué Kindly update your Email ID, Mobile Number & Income Range in CDSL demat Account on or before 31st May 2021, Non Compliance Account will be INACTIVE after 31st May 2021. | Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.  | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."    Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of Investors.