OPEC Cuts 2026 Oil Demand Growth to 780K Bpd, Raises 2027 Forecast to 1.94M Bpd

According to OPEC's monthly report, the organization cut its 2026 global oil demand growth forecast to 780,000 barrels per day, down from a previous prediction of 970,000 bpd. The cartel simultaneously raised its 2027 forecast to 1.94 million bpd, up from an earlier estimate of 1.73 million bpd.
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