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OPEC increases its 2027 oil demand forecast, citing inventory rebuilds from the Iran war, while 2026 growth is revised down. Saudi output rises sharply.
OPEC cut its 2026 global oil demand growth forecast to 400,000 bpd from 1.4 million bpd, citing developments during the year, while expecting deferred demand to be offset in 2027. Markets are also influenced by expectations of higher Russian fuel supplies after a US-Russia diesel agreement and reports of a possible…
The Organization of the Petroleum Exporting Countries has majorily reduced its global oil demand growth forecast for 2026, slashing its projection to 400,000 barrels per day from an initial...