OPEC月报：九月增产不改市场前景，维持今明两年全球石油需求预测不变

Core Insights - OPEC maintains its global oil demand forecast, projecting an increase of 1.3 million barrels per day (bpd) this year and 1.4 million bpd by 2026, consistent with previous predictions [1] - The OPEC+ alliance continues to increase oil production, with a total output rise of 524,000 bpd in September, reaching 28.44 million bpd, and a total OPEC+ output increase of 630,000 bpd to 43.05 million bpd [1] - OPEC has begun to gradually lift the production cuts implemented in 2023, with a total of approximately 1.65 million bpd being phased out, following the complete cancellation of a 2.2 million bpd reduction agreement in September [1] Production and Market Dynamics - OPEC+ plans to maintain oil production levels in November, increasing daily output by 137,000 bpd, which alleviates market concerns about significant production hikes [1] - Market observers note that since OPEC+ began increasing production in April, the decline in oil prices has not been as significant as expected, with Brent crude futures dropping 18% over the past year, largely following the initial production increase announcement [2] - OPEC forecasts that non-OPEC+ oil-producing countries, driven by the U.S., Canada, Brazil, and Argentina, will see an increase in supply of 810,000 bpd this year and 630,000 bpd next year, aligning with previous estimates [2]