Opec further lowers 2026 global oil demand growth forecast
It also raised its forecast for 2027 oil demand growth
On September 10, OPEC announced it had lowered its forecast for global oil demand growth in 2026 to 380,000 barrels per day. This marked the fifth consecutive downward revision for the producer group. OPEC maintains that the impact on consumption since the Iran war began has been less significant than other forecasters, such as the International Energy Agency, which expects a decline in demand in 2026. Despite lowering its outlook for 2026, OPEC increased its forecast for 2027 oil demand growth.
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