OPEC Raises 2026 Oil Demand Forecast to 105.4 Million Barrels per Day
OPEC said it will continue coordination with non-OPEC producers to balance supply as renewable transition timelines extend. Brent crude hovered near $82 a barrel after the announcement. Analysts expect moderate price support through 2026 if global GDP growth stabilizes above 3 percent.
OPEC Raises 2026 Oil Demand Forecast to 105.4 Million Barrels per Day
OPEC said it will continue coordination with non-OPEC producers to balance supply as renewable transition timelines extend. Brent crude hovered near $82 a barrel after the announcement. Analysts expect moderate price support through 2026 if global GDP growth stabilizes above 3 percent.
OPEC lifted its 2026 oil-demand forecast to 105.4 million bpd, attributing gains to Asia’s industrial rebound and slower global energy transition.
OPEC said it will continue coordination with non-OPEC producers to balance supply as renewable transition timelines extend. Brent crude hovered near $82 a barrel after the announcement. Analysts expect moderate price support through 2026 if global GDP growth stabilizes above 3 percent.
OPEC said it will continue coordination with non-OPEC producers to balance supply as renewable transition timelines extend. Brent crude hovered near $82 a barrel after the announcement. Analysts expect moderate price support through 2026 if global GDP growth stabilizes above 3 percent.