OPEC cuts 2026 oil demand growth forecast to 400,000 bpd, sees pent-up demand in 2027
USO•OPEC cut its forecast for oil demand growth this year to 400,000 barrels per day from 1.4 million bpd at the start of the year. It expects deferred demand to materialize in 2027.
1. Forecast revised lower
OPEC Secretary General Haitham Al Ghais said the organization had revised 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.
2. 2027 outlook
OPEC expects the deferred demand to materialize in 2027, when it anticipates pent-up demand.
