OPEC has reduced its 2026 oil demand growth forecast to 970,000 barrels per day. This marks a second consecutive cut. The group sees less impact from the Iran war than other agencies. However, OPEC expects demand to rebound later, raising its 2027 forecast. The war has disrupted oil routes, affecting global prices and output.

OPEC crude production fell to its lowest level since 2000 as the Iran conflict, export disruptions, and steep losses in Iraq and Iran overwhelmed recent quota increases.

According to the forecast, global oil consumption may reach 106.13 mln bpd this year

OPEC has reduced its 2026 oil demand growth forecast to 970,000 barrels per day. This marks a second consecutive cut. The group sees less impact from the Iran war than other…

The world economy will expand 2.5% in 2026, the Washington-based lender said in a report published Thursday. That’s down from a January forecast of 2.6%. | World News

Oil group says the global economy remains 'resilient'

El grupo sigue considerando que el impacto en el consumo desde el inicio de la guerra en Irán es menor.

OPEC's June report showed a slightly downward trend of the forecasted oil demand across the world for the rest of 2026.

OPEC is sticking to its view that the oil market will remain relatively tight through next year, with demand growth expected to continue outpacing non-OPEC+ supply additions