OPEC lowers 2026 global oil demand growth forecast to 380,000 bpd
OPEC lowered its forecast for world oil demand growth in 2026 to 380,000 barrels per day, according to a copy of its monthly report. The revision marked the fifth straight downward adjustment.
OPEC cut its forecast for world oil demand growth in 2026 to 380,000 barrels per day, according to a copy of its monthly report seen on Thursday. It was the fifth straight downward revision. The group still expects the Iran war to have a smaller effect on consumption than other forecasters have projected.