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OPEC cuts 2026 oil demand growth forecast to 400,000 bpd, sees pent-up demand in 2027

World News

12-10-2026 | 05:06

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OPEC cuts 2026 oil demand growth forecast to 400,000 bpd, sees pent-up demand in 2027

OPEC has revised down its ‌oil demand growth forecast for this year to 400,000 barrels per ⁠day from 1.4 million bpd at the start of the year, in line with developments throughout ‌the ⁠year, Haitham Al Ghais, Secretary General of the organisation ⁠said on Monday.

However, OPEC expects the ⁠deferred demand to materialise in ⁠2027, when it anticipates pent-up demand.

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