OPEC cuts oil demand projections for remainder of 2026
Headline from The Hill
The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast of global oil demand growth for this year, amid persistent risks to shipping from Iran and its proxy groups. The group projected Tuesday that oil demand for this year will grow by roughly 200,000 barrels per day relati…
The Hill's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The group expects demand to rise by 2.55 million barrels per day next year, as governments and energy companies rebuild stockpiles drawn down during the Iran war
The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast of global oil demand growth for this year, amid persistent risks to shipping from Iran and its proxy groups. The group projected Tuesday that oil demand for this year will grow by roughly 200,000 barrels per day relati…
OPEC just put a very large number on next year’s oil market: global demand growth of 2.6 million barrels per day in 2027, after growth of just 200,000 bpd this year. That would push average world oil demand from 105.7 million bpd in 2026 to 108.3 million bpd next year.
OPEC cuts oil demand projections for remainder of 2026 | Since Then
