{
  "id": 14255547,
  "title": "OPEC cuts 2026 global oil demand growth forecast to 400,000 bpd",
  "url": "https://urgent.news/2026/10/13/opec-cuts-2026-global-oil-demand-growth-forecast-to-400-000-bpd",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T17:00:41.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/opec-cuts-2026-global-oil-demand-growth-forecast-to-400000-bpd/"
  },
  "original_language": "en",
  "account": "The Organisation of the Petroleum Exporting Countries (OPEC) has revised its forecast for global oil demand growth in 2026 downwards to 400,000 barrels per day. This is a significant drop from the initial estimate of 1.4 million barrels per day set at the beginning of the year. Haitham Al Ghais, the Secretary-General of OPEC, stated that the downward revision is due to various developments that occurred during 2026. He further added that OPEC anticipates that the deferred demand will be offset in 2027, as consumption postponed during the current period resumes.\n\nOPEC's decision is also influenced by market expectations of increased Russian fuel supplies. This is in line with US President Donald Trump's recent announcement of an agreement to supply Russian diesel to both American and global markets. Additionally, there are positive market expectations surrounding a potential agreement between Russia and Ukraine to halt reciprocal attacks on energy facilities. This development has further boosted market confidence.",
  "summary": "The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its forecast for global oil demand growth in 2026 to 400,000 barrels per day, down from an estimate of 1.4 million barrels per day at the beginning of the year. Haitham Al Ghais, OPEC Secretary-General, said the downward revision reflects developments witnessed during 2026. He ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}