Commonground
Senior Moderator
OPEC cuts oil demand projections for remainder of 2026
10/13/26 3:04 PM ETExcerpt:
The group projected Tuesday that oil demand for this year will grow by roughly 200,000 barrels per day relative to 2025, down from OPEC’s forecast in September of about 400,000 barrels per day.
OPEC’s forecast of 2026 oil demand also fell last month from roughly 600,000 barrels per day in August, as the Iran war and its spillover impacts on the energy industry persist.
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Challenges that the oil industry is facing will not slow demand for petroleum next year, OPEC projected...
The organization raised its forecast for global oil demand in 2027 to about 2.6 million barrels per day, up from its September projection of roughly 2.4 million barrels per day.
...https://thehill.com/policy/energy-environment/6145910-opec-lowers-oil-demand-forecast-iran/