OPEC Maintains Forecasts for Higher Oil Supply Outside OPEC+ in 2026 and 2027

The Organization of the Petroleum Exporting Countries (OPEC) kept at 600 thousand bpd the forecast for the increase in oil supply from countries outside OPEC+ in 2026, according to the monthly report released on Wednesday, the 11th. The cartel assesses that the largest contributions should come from Brazil, the United States, Canada, and Argentina.

For 2027, OPEC also kept the projection of a 600 thousand bpd increase in oil supply outside the group.

As a result, the organization estimates that total production outside OPEC+ will amount to 54.84 million bpd in 2026 and 55.45 million bpd in 2027.

In the same report, OPEC states that the cartel’s production advanced by 2.04 million bpd in October versus September, to an average of 41.23 million bpd, according to secondary sources.

OPEC+ encompasses Russia and other oil producers that are not part of OPEC.

James Whitmore

I am a financial journalist specialising in global markets and long-term investment strategies, with a background in economics and corporate finance. My work focuses on translating complex financial data into clear, actionable insights for private investors and professionals. At Wealth Adviser, I contribute in-depth analysis on equities, macroeconomic trends, and portfolio construction.