Today in Energy More Today in Energy
Posted February 13, 2025Petroleum liquids supply growth driven by non-OPEC+ countries in 2025 and 2026 ›
Data values: Non-OPEC Petroleum and Other Liquids Production
Note: The OPEC and OPEC+ data series reflect those countries participating in the OPEC+ agreement. OPEC members Iran, Libya, and Venezuela are exempt from the agreement. Years 2025 and 2026 are forecasts.
We forecast that worldwide production of petroleum and other liquids in 2025 and 2026 will grow more in non-OPEC+ countries than in OPEC+ countries in our February Short-Term Energy Outlook (STEO). We estimate that total world petroleum and other liquids supply increased by about 0.6 million barrels per day (b/d) in 2024 and will increase by 1.9 million b/d in 2025 and 1.6 million b/d in 2026. Increasing crude oil production from four countries in the Americas—the United States, Guyana, Canada, and Brazil—drives this growth. Because of ongoing production restraint among OPEC+ countries, we forecast the group’s production to grow by 0.1 million b/d in 2025 and 0.6 million b/d in 2026.
More ›Previously in Today in Energy
What's New
- Short-Term Energy Outlook
- Feb 11, 2025
- India Country Analysis Brief
- Feb 06, 2025
- Caspian Sea Regional Brief
- Feb 06, 2025
- More
-
Coming Up
- Annual Solar Photovoltaic Module Shipments Report
- U.S. Crude Oil and Natural Gas Proved Reserves
- More
Top Picks
Data Highlights
- 2/132025
- Wind and solar combined share of generation
- 13.8
- %
-
14.2%
from year earlier
- 2/13/2025
- Daily electric power demand
- 12651
- GWh
-
11.1%
from year earlier
- 2/10/2025
- Natural gas spot prices
- $3.48
- /million Btu
-
$0.182 /million Btu
from week earlier -
$1.721 /million Btu
from year earlier
- 2/7/2025
- Brent spot prices
- $74.68
- /barrel
-
$2.43 /barrel
from week earlier -
$8.90 /barrel
from year earlier
Data, Analysis, & Projections
Natural Gas
Exploration and reserves, storage, imports and exports, production, prices, sales.
Electricity
Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions.
Nuclear & Uranium
Uranium fuel, nuclear reactors, generation, spent fuel.
Consumption & Efficiency
Energy use in homes, commercial buildings, manufacturing, and transportation.
Analysis & Projections
Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports.
Petroleum & Other Liquids
Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids.
Coal
Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports.
Renewable & Alternative Fuels
Includes hydropower, solar, wind, geothermal, biomass and ethanol.
Total Energy
Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources.
