The IEA projects global oil demand to grow by 680–700 thousand barrels per day in 2026, driven by economic recovery, travel, and industrial activity in Asia. The brief frames the industry as a mature multi-trillion-dollar market and breaks it into upstream, midstream, downstream, and services and equipment segments.
It identifies five cross-sector supply chain challenges — demand and price volatility, logistics and transport disruptions, parts and MRO shortages, asset reliability and downtime, and regulatory and emissions tracking — and maps each to an SAP capability: IBP with SAP ERP Cloud, multi-party logistics visibility, SAP ERP Cloud with Ariba and Fieldglass, Asset Performance Management with predictive maintenance, and Sustainability Control Tower.
Customer evidence from Aker BP and S-OIL is followed by a phased playbook — baseline business impact, quick wins in 0–6 months, medium-term moves in 6–18 months, and longer-term steps in 12–36 months — and the risks and caveats to plan for.
The full brief is available above as a PDF. For the complete 14-page deck see "Oil and Gas Industry Overview 2026: Market Trends, Supply Chain Challenges, and SAP Cloud Solutions" in the Resource Library.