The Organization of the Petroleum Exporting Countries (OPEC) has revised its forecast for global oil demand growth for 2026. On Tuesday, OPEC projected that oil demand will increase by approximately 200,000 barrels per day compared to 2025. This adjustment comes amid ongoing risks to shipping from Iran and its proxy groups.
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OPEC Lowers Global Oil Demand Growth Forecast for 2026
OPEC has adjusted its forecast for global oil demand growth for 2026, now estimating an increase of about 200,000 barrels per day compared to 2025. The revision is attributed to persistent shipping risks associated with Iran and its proxy groups.
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OPEC cuts oil demand projections for remainder of 2026
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OPEC Lowers Global Oil Demand Growth Forecast for 2026