BAKU, Azerbaijan, July 17. Liquids production across OECD countries is expected to rise gradually through 2026, led primarily by continued growth in the Americas, according to the latest outlook from the Organization of the Petroleum Exporting Countries (OPEC), Trend reports.
For 2025, total OECD liquids production — excluding Mexico, which is a participant in the OPEC+ Declaration of Cooperation (DoC) — is projected to grow by approximately 500,000 barrels per day (b/d), reaching an average of 32.1 million b/d. The bulk of this increase is expected to come from OECD Americas, where production is forecast to climb by 400,000 b/d to average 28.1 million b/d.
Liquids output in OECD Europe is also anticipated to rise slightly next year, with an expected increase of 100,000 b/d to reach 3.6 million b/d. However, in OECD Asia Pacific, production is forecast to decline marginally by 13,000 b/d, averaging just 400,000 b/d.
The outlook for 2026 shows continued, albeit slower, growth. OECD liquids production is set to expand by another 300,000 b/d to average 32.4 million b/d. Again, OECD Americas is expected to account for all of this growth, with output rising to 28.5 million b/d.
By contrast, OECD Europe is projected to see a decline of around 45,000 b/d in 2026, bringing production down to 3.5 million b/d. Asia Pacific’s output is also forecast to edge lower by 14,000 b/d year-on-year, remaining at a modest 400,000 b/d.
