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Posts: 12

Followers: 1

Global oil trade, including oil, condensate and refined products, is expected to rise by nearly 25% by 2050. Interregional crude and condensate trade stood at around 37.3 mb/d in 2025. By 2030, it is expected to increase to 41.8 mb/d, supported by rising oil demand in major consuming regions. After 2030, the rate of growth slows markedly but volumes still rise to a level of 47.8 mb/d by 2050. #OPECWOO

Published: August 24, 2026 10:00

Global oil trade, including oil, condensate and refined products, is expected to rise by nearly 25% by 2050. Interregional crude and condensate trade stood at around 37.3 mb/d in 2025. By 2030, it is expected to increase to 41.8 mb/d, supported by rising…

The global economy depends on moving goods efficiently across oceans, roads, and supply chains, and petroleum fuels make all this possible.

Published: August 23, 2026 10:00

The global economy depends on moving goods efficiently across oceans, roads, and supply chains, and petroleum fuels make all this possible.

Celebrations bring people together. The products behind those moments, from decoration and packaging to clothing, often rely on petroleum-derived materials.

Published: August 22, 2026 12:00

Celebrations bring people together. The products behind those moments, from decoration and packaging to clothing, often rely on petroleum-derived materials.

Global natural gas demand is expected to increase to more than 91 mboe/d by 2050, an addition of over 19 mboe/d from 2025 levels. Gas will strengthen its long-term position in the primary energy mix, largely replacing coal and supporting intermittent renewable energy in the power generation sector. The demand increase is driven by non-OECD regions and based on the expanding use of gas in electricity generation, petrochemical sector as well as rising demand in the residential sector. At the same time, OECD natural gas demand is projected to plateau and marginally decline after 2040 due to efficiency improvements and tighter emissions frameworks. #OPECWOO

Published: August 20, 2026 08:00

Global natural gas demand is expected to increase to more than 91 mboe/d by 2050, an addition of over 19 mboe/d from 2025 levels. Gas will strengthen its long-term position in the primary energy mix, largely replacing coal and supporting intermittent…

In order to meet growing oil demand, required primary refining capacity additions are projected at 19.3 mb/d at the global level, including debottlenecking expansions. In addition, required secondary capacity additions over the outlook period are also substantial, with 20.7 mb/d of desulphurization capacity, 10.9 mb/d of conversion capacities and 6.1 mb/d of gasoline upgrading units. #OPECWOO

Published: August 19, 2026 10:00

In order to meet growing oil demand, required primary refining capacity additions are projected at 19.3 mb/d at the global level, including debottlenecking expansions. In addition, required secondary capacity additions over the outlook period are also…

In the medium term, liquids supply from Latin America is projected to expand from 7.5 mb/d in 2025 to 9.6 mb/d in 2030, making up just over 50% of the total incremental supply from non-DoC countries. Major contributors to this increase are Brazil, Argentina and others. Beyond the medium term, supply from Latin America is projected to continue to grow, rising to 11.6 mb/d by 2050. Other regional contributors to medium-term non-DoC supply growth are the OECD Americas (both the US and Canada; Mexico is included in the DoC grouping), the Middle East and Africa, each with around 15% of total non-DoC supply growth in this period. Growth elsewhere is essentially flat, with minimal declines in China and Other Asia. #OPECWOO

Published: August 18, 2026 14:01

In the medium term, liquids supply from Latin America is projected to expand from 7.5 mb/d in 2025 to 9.6 mb/d in 2030, making up just over 50% of the total incremental supply from non-DoC countries. Major contributors to this increase are Brazil,…

Oil keeps manufacturing moving, needed for powering machines, reducing wear, and helping products get made efficiently. #OilandManufacturing

Published: August 16, 2026 10:00

Oil keeps manufacturing moving, needed for powering machines, reducing wear, and helping products get made efficiently. #OilandManufacturing