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OPEC further lowers 2026 global oil demand growth forecast

OPEC further lowers 2026 global oil demand growth forecast
# 10 September 2026 16:20 (UTC +04:00)

OPEC on ‌Thursday lowered its forecast for world oil demand ​growth in 2026 ​to 380,000 barrels per day, ⁠a copy of ​its monthly report showed, marking ​the fifth straight downward revision, Reuters reports.

The producer group continues to ​see a smaller impact ​on consumption since the Iran war ‌started ⁠than other forecasters, such as the International Energy Agency, which expects demand ​to ​decline ⁠in 2026.

The Organization of the Petroleum ​Exporting Countries also raised ​its ⁠forecast for 2027 oil demand growth, according ⁠to ​the report on its ​website.

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