OPEC Forecasts Non-DoC Liquids Supply Growth Through 2026
Abu Dhabi: Liquids supply from countries not participating in the Declaration of Cooperation (non-DoC) is projected to grow significantly over the coming years, according to the latest data from OPEC. The supply is expected to increase by 0.8 million barrels per day (mb/d) in 2025 to average 54.0 mb/d, with a further rise to 54.8 mb/d in 2026. According to Emirates News Agency, the OPEC Monthly Oil Market Report (MOMR) for May highlights that the OECD countries (excluding Mexico) are expected to contribute substantially to this growth. The US, Brazil, Canada, and Norway are anticipated to drive an increase of