OPEC cuts 2026 oil demand growth forecast to 400,000 bpd

Kamil Mahmudov
Author

OPEC has lowered its oil demand growth forecast for this year to 400,000 barrels per day from 1.4 million at the start of the year, Haitham al-Ghais, Secretary General of the organisation says, Report informs via Al Jazeera.

However, OPEC expects the deferred demand to materialise in 2027, when it anticipates pent-up demand.

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