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The ECB raised interest rates to 2.5% and lifted its growth and inflation projections. ECB governors warned the Iran war is fueling inflation and suggested more tightening ahead with October in play.
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.
Crude oil trades near $81 per barrel after a prior-session decline as investors wait for efforts to reopen the Strait of Hormuz, while the IEA cuts demand outlook and OPEC lowers 2026 growth to 580,000 bpd.
() -- The Organization of the Petroleum Exporting Countries reduced its global oil demand growth outlook for this year while upgrading its projection for 2027. The cartel now expects oil consumption to rise by 780,000 barrels a day in 2026, it said in its latest monthly market report Monday. Last month, OPEC estimated
() -- The Organization of the Petroleum Exporting Countries on Monday lowered its global oil demand growth forecasts for the third straight month for 2026, projecting demand to grow by 800,000 barrels per day year-on-year in 2026. This compares with OPEC's global oil demand growth forecast at 1 million bbl/d year over
() -- The Organization of the Petroleum Exporting Countries on Monday forecast global oil demand growth for 2026 to grow by 800,000 barrels per day year over year. Liquids production from countries not participating in the Declaration of Cooperation, is expected to grow by 600,000 b/d on average in 2026 unchanged from