OPEC: after the decrease in oil prices, the growth of oil supply from competitors will slow down by 2025.

OPEC has lowered its forecast for oil supply growth from the United States and other oil-producing countries outside of OPEC+ this year, and stated that capital expenditure is expected to decrease following the drop in oil prices. OPEC has stated that by 2025, the supply from countries outside of OPEC+ will increase by around 800,000 barrels per day, lower than the previous forecast of 900,000 barrels per day. The slower supply growth outside of OPEC+ will make it easier for OPEC+ to balance the market. In recent years, the rapid growth of US shale oil and other countries has put pressure on oil prices. OPEC stated in the report that exploration and production investments in regions outside of OPEC+ are expected to decrease by about 5% compared to 2025.