OPEC: The elasticity of the Emirati non -oil economy supports growth and enhances the state’s position as a global commercial center

Vienna, September 11 / WAM / The monthly report of the oil market issued by the Organization of Petroleum Exporting Countries “OPEC” for September 2025 confirmed that non -oil activities in the UAE continued to show strong flexibility, with a fixed growth in total production.

The report pointed to the recovery of the BMI Procurement Directors Index last August to reach 53.3 points, after it had decreased in July to 52.9 points, which is its lowest level in four years, as a result of the pressures related to the state of regional fog and the intensity of competition for new orders.

The report pointed out that the duration of the macroeconomic economy in the UAE was also reflected in the Fitch’s credit rating agency at the degree (AA-) with a stable future look, which reflects the strength of the sovereign assets of the state and enhances investor confidence.

He added that the strong performance of non -oil trade has strengthened the economic diversification efforts, as the volume of foreign trade increased by 24% during the first half of 2025, beyond the rate of global trade growth of 1.8%, which enhances the state’s position as a pivotal center for global trade and supports the dynamics of non -oil sectors during the current year.

The report also highlighted the role of tourism as one of the main engines for growth, as the Emirate of Dubai received approximately 10 million visitors during the first six months of the year, in line with its economic agenda, known as “D33” aimed at establishing the emirate’s position as a leading global destination, which contributes to the provision of public revenues and enhancing the total economic stability of the state.

Regarding the global demand for oil, the report stated that the expectations for the growth of global oil demand for 2025 remain at about 1.3 million barrels per day on an annual basis, unchanged from the estimates issued last month, and in the countries of the Organization for Economic Cooperation and Development (OECD), the demand for oil is expected to grow by about 0.1 million barrels per day during 2025, while the demand in countries outside the organization is likely to rise by about 1.2 million barrels per day.

In 2026, the global demand for oil is expected to grow by 1.4 million barrels per day on an annual basis, also without changing previous estimates, and it is expected that the countries of the Organization for Economic Cooperation and Development will register a growth of about 0.2 million barrels per day, while the demand in countries outside the organization is expected to increase by about 1.2 million barrels per day.
In 2026, it is expected that global demand for oil will grow by about 1.4 million barrels per day, of which 0.2 million barrels per day in the countries of the Organization for Economic Cooperation and Development, compared to about 1.2 million barrels per day in countries outside it.

The report pointed out that the fuel used in the transportation sector, including gasoline, aircraft fuel and diesel, will remain the main engine of demand in the two years, as well as LNG and Nava oil used in the petrochemical industries.

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