OPEC downgrades 2025 forecast for U.S. oil
The Organisation of the Petroleum Exporting Countries has downgraded the forecast for U.S. oil and condensate production in 2025 by 50,000 barrels per day.
It now expects an increase of 240,000 barrels per day to 13.47 million barrels per day, according to its new report released on Wednesday.
According to the table for the report, the figure in 2024 averaged 13.23 million barrels per day, 290,000 barrels per day more than a year earlier.
At the same time, in 2026, according to OPEC’s forecast, oil and condensate production in the U.S. would grow by 170,000 barrels per day in annual terms.
An average of 13.64 million barrels per day is expected.
(RIA/NAN)
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