OPEC Boosts Non-OPEC Oil Production Forecast to 55 Million Barrels in 2027

The Organization of the Petroleum Exporting Countries (OPEC) has updated its forecast for non-OPEC+ countries' oil production. According to OPEC's monthly report, average daily production in these countries is expected to reach 54.84 million barrels this year.

This figure represents a slight increase from last year's 54.2 million barrels and marks the first time it has surpassed that mark since 2023.

Looking ahead to 2027, OPEC forecasts an average daily production of 55.45 million barrels in non-OPEC+ countries.

This forecast is based on current trends and does not take into account any potential changes or disruptions in the global oil market.