Global Demand for GCC Crude Oil Grows at 3.1% Annually, Reports GCC-STAT

Erbil:Gulf Cooperation Council The 2025 energy sector indicators for Gulf Cooperation Council (GCC) countries reveal a steady increase in global demand for GCC crude oil, averaging an annual growth rate of 3.1% from 2021 to 2025.

According to Wam, crude oil production in GCC countries saw a 5% increase in 2025 compared to 2024, reaching a production level of 16.9 million barrels per day. This accounted for 22.5% of global crude oil production, highlighting the GCC's continued importance in the global energy supply system.

GCC crude oil exports stood at 12.2 million barrels per day in 2025, representing 27.3% of global crude oil exports. This underscores the region's critical role in satisfying international market needs and emphasizes the necessity of stable GCC supplies amidst ongoing changes in the global energy markets.

In the natural gas sector, GCC countries produced approximately 460.9 billion cubic metres, comprising 10.6% of global natural gas production. This indicates the significant role of the region's natural gas resources in fulfilling global energy demand, alongside supporting manufacturing and related economic activities.

The data also reveal fluctuations in GCC crude oil production between 2021 and 2025. Production reached 16.0 million barrels per day in 2021, increased to 18.2 million barrels per day in 2022, decreased to 17.0 million barrels per day in 2023, and further to 16.1 million barrels per day in 2024, before rising again to 16.9 million barrels per day in 2025.

In addition to oil and gas, GCC countries are actively working to transform their energy systems by expanding renewable energy sources, enhancing energy efficiency, and advancing clean energy projects. These initiatives aim to reduce emissions while balancing economic growth with environmental protection. National targets for renewable energy shares in the energy mix vary across GCC countries in terms of levels and timelines.

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