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.

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…

Oil group says the global economy remains 'resilient'