The Organization of the Petroleum Exporting Countries cut its oil demand estimates for this year as the U.S. blockade on Iran ...

OPEC has lowered its projection for global oil demand growth in 2026 to 970,000 barrels per day, marking a second consecutive ...

OPEC on Thursday lowered its forecast for world oil demand growth in 2026 to 970,000 barrels per day, the producer group said ...

OPEC has revised its world oil demand growth forecast for 2026 to 970,000 barrels per day, representing a consecutive ...

OPEC production has fallen more than 30% since the Iran war began in late February, with Saudi Arabia pumping at its lowest level since 1990 ...

Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.

OPEC trims 2026 oil demand growth forecast but raises 2027 outlook, highlighting volatile markets and shifting expectations for global energy consumption ...

It now forecasts global oil-demand growth of 1.17 million barrels a day this year, from 1.38 million previously.

Crude oil contracts were trading lower at midday Wednesday after OPEC slashed its expected oil demand growth for this year as the near-closure of the Strait of Hormuz forced major Mideast producers to ...

World oil demand will rise by 1.38 million barrels per day in 2026, the Organization of the Petroleum Exporting Countries ...

OPEC has lowered its projection for the world's oil demand in 2026, to 970,000 barrels a day. This is the second consecutive downward revision.

OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, joining other forecasters such as the International Energy Agency in cutting expectations due to the Iran war.