OPEC cuts 2026 oil demand forecast while raising 2027 outlook. Crude oil reaches a new all-time high by September 30 at 6.2% YES.

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.