Demand is expected to increase by 0.4 mln barrels per day
OPEC cut its 2026 global oil demand growth forecast to 380,000 bpd, marking a fifth straight monthly downgrade amid geopolitical tensions and
OPEC forecasts India's oil demand to rise by 0.06 mb/d in 2026, driven by economic growth and increased fuel consumption.
OPEC now expects global oil demand growth to jump from just 380,000 barrels per day this year to 2.36 million bpd in 2027—a more than sixfold increase in the space of a year.
OPEC cuts 2026 oil demand growth forecast to 400,000 barrels per day. New all-time high for crude oil by December 31 at 16.5% YES.