US EditionOpec Expects Tighter Oil Market in 2026 Amid Increased Economic Momentum
OPEC raised its 2026 global oil demand forecast by 100,000 barrels per day while lowering the non-OPEC+ supply estimate by the same amount, citing stronger economies in key regions.
- On Tuesday, OPEC increased its demand growth projection for next year to 1.38 million bpd while leaving its 2025 forecast at about 1.3 million bpd.
- OPEC based the upward demand revision on expected stronger economies in OECD America, OECD Europe, the Middle East and Africa and cut its non-OPEC+ supply forecast for 2026 by 100,000 bpd.
- Demand concerns, a slowing global economy and weak Chinese growth kept prices subdued, with Brent retreating 0.47 per cent to $66.32 a barrel on Tuesday.
- Non-OPEC+ producers are projected to grow output by 600,000 bpd to 54.7 million bpd in 2026, following OPEC+'s July and September output increases.
- OPEC maintained its 2026 economic growth projection at 3.1 per cent, saying `The global economy continues to follow a stable growth trajectory` despite risks.
29 Articles
29 Articles
OPEC lifts 2026 oil demand view
The Organisation of the Petroleum Exporting Countries (OPEC) on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the United States and other producers outside the wider OPEC+ group, pointing to a tighter market. The outlook for higher demand and a drop in supply growth from outside OPEC+ would make it easier for OPEC+ to proceed with its plan to pump more barrels to regain market shar…
Neither the trade war nor the geopolitical tensions threaten in the short term the world demand for crude oil. That is the conclusion reached by the Organization of Petroleum Exporting Countries (OPEC). In its last monthly report, published on Tuesday, the entity keeps unchanged the increase of the demand previewed by 2025 by 1.3 million barrels, but in a sign of optimism on the progress of the economy, it raises to 1.4 million the growth by 202…
OPEC Raises Oil Demand Growth Estimates for Next Year
Global oil demand is set to grow by 1.38 million barrels per day (bpd) in 2026, OPEC said on Tuesday as it raised its forecast for next year by 100,000 bpd on the back of expected stronger economies in key oil-consuming regions. In its closely-watched monthly report out of Tuesday, OPEC said that the upward revision for 2026 was “on the back of expected better economic performance in OECD America, OECD Europe, as well as the Middle East and Afr…
OPEC projects global oil demand to rise by 1.38m bpd in 2026
LONDON: OPEC on Tuesday raised its forecast for global oil demand next year and trimmed its forecast for growth in supply from the US and other producers outside the wider OPEC+ group, pointing to a tighter market outlook. The outlook for higher demand and a drop in supply growth from outside OPEC+ would make it easier for OPEC+ to proceed with its plan to pump more barrels to
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
