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News 2026-07-13 16:42 UTC

OPEC Lowers 2026 Global Oil Demand Outlook, Raises 2027 Estimate

() -- 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