Interview with HE Francesco la Camera, Director General of the International Renewable Energy Agency on the sidelines of #9OPECSeminar IRENA Francesco La Camera

Road transport, petrochemicals and aviation are key for future oil demand growth. The transportation sector accounted for more than 57% of global oil demand in 2024 and, with minor variations, is projected to retain this share over the entire forecast period. Within this sector,

Interview with HE Carlos Garibaldi, Executive Secretary, ARPEL on the sidelines of #9OPECSeminar ARPEL

Oil is essential to human development.

Interview with Pedro Miras, President, WPC Energy on the sidelines of #9OPECSeminar WPC Energy

#OPEC #Oil #MarketStability

In 2024, 46% final retail price in OECD were Taxes (up 2 percentage points y-o-y) while crude price was only 33% (flat y-o-y), with significant regional differences on taxation levels. Highest tax shares were in Europe, which registered taxes ranging from 53% to 54% #ASB2025

#Oil #MarketStability

Utilizing all energy sources is necessary to ensure sustainable energy and economic prosperity for all.

The #OPEC family wishes you a Happy #InternationalYouthDay #IYD2025

The global oil demand growth forecast for 2025 remains at 1.3 mb/d, y-o-y, unchanged from last month’s assessment. Some minor adjustments were made, mainly due to actual data received for 1Q25 and 2Q25. In the OECD, oil demand is forecast to grow by about 0.1 mb/d in 2025, while

In 2026, global oil demand is forecast to grow by 1.4 mb/d, y-o-y, revised up by 0.1 mb/d from last month’s assessment, on the back of supportive economic activities. The OECD is projected to grow by about 0.2 mb/d, y-o-y, while the non-OECD is expected to expand by 1.2 mb/d,

Non-DoC liquids production (i.e., liquids production from countries not participating in the Declaration of Cooperation) is forecast to grow by about 0.8 mb/d, y-o-y, in 2025, unchanged from last month’s assessment. The main growth drivers are expected to be the US, Brazil,

The non-DoC liquids production growth forecast for 2026 is revised down slightly by 0.1 mb/d to average 0.6 mb/d, y-o-y, with Brazil, the US, Canada and Argentina as the main growth drivers #MOMR

Crude oil production by countries participating in the DoC increased by 335 tb/d in July, m-o-m, to average about 41.94 mb/d, according to available secondary sources #MOMR

Oil plays a vital role in critical minerals mining by powering the extraction, processing, and transportation of these essential minerals.

#OPEC Member Countries exported an average of 19.01 mb/d of crude oil in 2024, a decrease of about 0.70 mb/d, y-o-y. The bulk of crude oil from OPEC Member Countries, 13.67 mb/d, was exported to Asia #ASB2025

Happy #nationalday, Republic of the Congo! The #OPEC Family presents its heartfelt congratulations to the leadership and people of the Republic of the Congo.

Cooperation in energy markets is crucial for ensuring energy security, promoting sustainability, and aiding industry investments.

#PeakOilDemand #PeakOilSupply