OPEC revises oil demand growth forecast down by 200,000 bpd in 2026

Business & Economy June 11, 15:25

According to the forecast, global oil consumption may reach 106.13 mln bpd this year

MOSCOW, June 11. /TASS/. OPEC again lowered its forecast for global oil demand growth in 2026 by 0.2 mln barrels per day (bpd) to 0.97 mln bpd, the organization said in its report.

According to its forecast, global oil consumption may reach 106.13 mln bpd this year. OPEC also revised downward its growth forecast by 0.2 mln bpd to 1.2 mln bpd.

OPEC at the same time increased the forecast figure for 2027 and now expects the demand to grow to 107.86 mln bpd in the next year.

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