OPEC again lowers 2026 global oil demand growth forecast

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OPEC has lowered its 2026 global oil demand growth forecast, reducing the expected increase from 1.17 million barrels per day to a lower figure. This adjustment indicates a cautious outlook on global energy demand for the year.

The current forecast reduced the expected ‌oil demand growth this year from 1.17 million barrels ​per day seen previously