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NSF Financial Assistance awards (grants and cooperative agreements) made on or after October 1, 2024, will be subject to the applicable set of award conditions, dated October 1, 2024, available on the NSF website. These terms and conditions are consistent with the revised guidance specified in the OMB Guidance for Federal Financial Assistance published in the Federal Register on April 22, 2024.

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In-depth analysis

February 13, 2025

We forecast that worldwide production of petroleum and other liquids in 2025 and 2026 will grow more in non-OPEC+ countries than in OPEC+ countries in our February Short-Term Energy Outlook (STEO). We estimate that total world petroleum and other liquids supply increased by about 0.6 million barrels per day (b/d) in 2024 and will increase by 1.9 million b/d in 2025 and 1.6 million b/d in 2026. Increasing crude oil production from four countries in the Americas—the United States, Guyana, Canada, and Brazil—drives this growth. Because of ongoing production restraint among OPEC+ countries, we forecast the group’s production to grow by 0.1 million b/d in 2025 and 0.6 million b/d in 2026.

Global petroleum liquids production outside of OPEC+ grew by 1.8 million b/d in 2024 and grows by 1.8 million b/d

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“Energy is eternal delight.” –William Blake Snuggling with her parents and brother while watching one of her favorite TV programs, Nicole Yunger Halpern was only 10 when she got her first taste of punk. She didn’t start listening to the Sex Pistols

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