Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) rose by 524,000 barrels per day (bpd) in September compared to the previous month, reaching around 28.44 million bpd, according to the group's latest Monthly Oil Market Report.
The report showed that the largest output increase came from Saudi Arabia, while Nigeria was the only member to post a decline.
Saudi Arabia, the group's top producer, increased its output by 248,000 bpd to about 9.96 million bpd. Nigeria's production, meanwhile, declined by 21,000 bpd to approximately 1.52 million bpd.
Total crude production by the OPEC+ alliance, comprising OPEC members and some major non-OPEC producers, rose by 630,000 bpd to 43.05 million bpd during the same period.
- Global oil demand forecasts remain unchanged
OPEC kept its global oil demand growth forecast for 2025 unchanged, projecting an increase of 1.3 million bpd year-on-year, bringing total demand to 105.1 million bpd.
Most of the growth is expected to come from non-OECD countries, where demand is seen rising by around 1.17 million bpd to 59.17 million bpd, led by China, India and other Asian countries.
Demand in OECD countries is projected to rise by just 130,000 bpd to 45.97 million bpd, driven mainly by OECD Americas and supported by a slight increase in OECD Europe, while OECD Asia-Pacific demand is forecast to decline slightly year-on-year.
For 2026, OPEC expects demand to grow by around 1.38 million bpd, reaching 106.52 million bpd.
By Handan Kazanci
Anadolu Agency
energy@aa.com.tr