OPEC Lowers 2026 Global Oil Demand Forecast
OPEC has revised its global oil demand growth expectations for 2026, lowering the forecast to 970,000 barrels per day (bpd). This downward adjustment reflects shifting consumption patterns and broader economic uncertainties affecting the energy market. As global oil producers navigate cooling industrial activity and the ongoing transition to alternative energy, this data highlights a moderated outlook for mid-term crude consumption.