OPEC cut its forecast for global oil demand growth in 2026 to 380,000 bpd
OPEC cut its forecast for global oil demand growth in 2026 to 380,000 barrels per day (bpd), marking the fifth consecutive downgrade to its forecast. 
According to the monthly report seen by Reuters, the organization continues to assess the impact of the outbreak of the war related to Iran on global oil consumption.
In contrast, OPEC reversed the downward trend in its 2026 forecasts and raised its forecast for global oil demand growth in 2027, based on its assessment of a recovery in economic activity.
OPEC cut its forecast for global oil demand growth in 2026 to 380,000 bpd
OPEC cut its forecast for global oil demand growth in 2026 to 380,000 barrels per day (bpd), marking the fifth consecutive downgrade to its forecast.
According to the monthly report seen by Reuters, the organization continues to assess the impact of the outbreak of the war related to Iran on global oil consumption.
In contrast, OPEC reversed the downward trend in its 2026 forecasts and raised its forecast for global oil demand growth in 2027, based on its assessment of a recovery in economic activity.
