BAKU, Azerbaijan, September 14. OECD liquids production, excluding Mexico, is projected to grow steadily over the next two years, according to OPEC’s latest outlook, Trend reports.
For 2025, output is expected to expand by 0.5 million barrels per day (mb/d), reaching an average of 32.1 mb/d.
The OECD Americas will drive the increase, with production forecast to rise by 0.4 mb/d to 28.1 mb/d. OECD Europe is set to add around 43,000 barrels per day (tb/d), averaging 3.6 mb/d, while Asia Pacific production is forecast to dip slightly by 13 tb/d to 0.4 mb/d.
In 2026, OECD liquids production is expected to edge higher by 0.2 mb/d to 32.3 mb/d, again led by the Americas, which will climb to 28.4 mb/d.
However, declines are projected in other regions: OECD Europe is forecast to fall by about 45 tb/d to 3.5 mb/d, while Asia Pacific output will slip by around 14 tb/d, averaging 0.4 mb/d.
