In its recent December 2025 Monthly Oil Market Report, the Organization of the Petroleum Exporting Countries (OPEC) provided an updated assessment of global oil market dynamics, highlighting a notable reduction in the output of its 12 member nations. This detailed analysis offers crucial insights into current production levels, demand forecasts, and the strategic implications for the energy sector.
The report indicates that overall output from OPEC 12 members experienced a decrease of 135 thousand barrels per day (kb/d). This reduction was influenced by various factors, including production increases from countries like Iraq, the United Arab Emirates, and Saudi Arabia, which saw rises of 38 kb/d, 14 kb/d, and 13 kb/d respectively. However, these gains were more than offset by more substantial declines in other OPEC nations, leading to the overall net decrease. The document also utilizes refinery crude throughput as a key metric for global demand for crude plus condensates, acknowledging its limitations due to direct crude burning in power plants in certain regions. Looking ahead, OPEC anticipates a robust increase in demand for petroleum liquids, projecting a rise of 1.4 million barrels per day (Mb/d) in 2026 and another 1.3 Mb/d in 2027. Concurrently, the demand for OPEC crude is expected to grow by 600 kb/d in both 2026 and 2027, underscoring the organization's pivotal role in meeting future energy needs.
The data presented in OPEC's report paints a comprehensive picture of the evolving oil market, balancing current production adjustments with future demand expectations. These projections are vital for understanding the trajectory of global energy consumption and the ongoing efforts by major oil producers to adapt to changing market conditions. The insights gained from such reports are indispensable for stakeholders across the energy spectrum, guiding investment decisions and policy formulations that promote stability and sustainable growth.
The continuous monitoring and transparent reporting by organizations like OPEC provide a stable foundation for the global energy market. By fostering informed discussions and collaborative strategies, we can navigate the complexities of energy transitions, ensuring reliable access to resources while pursuing innovative solutions for a sustainable future. The collective pursuit of knowledge and cooperation illuminates the path forward, encouraging responsible energy stewardship and fostering a resilient global economy.