OPEC Cuts Oil Demand Projections for Remainder of 2026
5 Articles
5 Articles
The Organization of Petroleum Exporting Countries (OPEC) has again today reduced its prospects for the growth of global oil demand during the current year in the haze associated with the war in the Middle East.
OPEC cuts oil demand projections for remainder of 2026
The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast of global oil demand growth for this year, amid persistent risks to shipping from Iran and its proxy groups. 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…
OPEC Cuts Global Oil Demand Growth Projection for 2026
Oil prices fell on Tuesday after Opec had significantly reduced its expectations for global oil demand growth. A raw material expert considers a further decline to be a matter of time – on one condition.
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