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News 2026-09-10 12:01 UTC

OPEC+ crude output averaged 38.05 million bpd in August 2026

OPEC RAISES 2027 GLOBAL OIL DEMAND GROWTH FORECAST TO 2.36 MILLION BPD (PREV. FORECAST 2.16 MILLION BPD) || OPEC SAYS OPEC+ CRUDE OUTPUT (INCLUDING FORMER MEMBER UAE) AVERAGED 38.05 MILLION BPD IN AUGUST 2026, UP ABOUT 300,000 BPD FROM JULY || OPEC CUTS 2026 GLOBAL OIL DEMAND GROWTH FORECAST TO 380,000 BARRELS PER DAY

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