OPEC cuts 2026 global oil demand growth forecast to 400,000 bpd

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 ...