OPEC has trimmed its 2026 global oil demand growth forecast for the third straight month, even as crude production rebounds across the Gulf and tanker traffic slowly returns to the Strait of Hormuz

VIENNA -- Global oil demand is forecast to grow by 800,000 barrels per day (bpd) in 2026 year-on-year, said a report released on Monday by the Organization of the Petroleum…

OPEC raised its 2027 oil demand growth forecast to 1.94M bpd. Crude oil reaching a new all-time high by December 31 at 12.5% YES.