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

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'

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