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Originally published by Capital Businessbusiness
July 13, 2026
19h ago
OPEC lowers oil demand forecasts for 2026
In 2027, global oil demand is estimated to rise by about 1.9 million bpd year-on-year, representing an upward revision of about 200,000 bpd from OPEC's June forecast. ..
✨ Key Highlights
The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand forecasts for 2026 downwards. This adjustment indicates a change in the projected growth of oil consumption for the year.
- OPEC now forecasts global oil demand to grow by 800,000 barrels per day in 2026, a decrease from their previous estimate of 1 million bpd.
- The report was released on Monday, July 13th, 2026.
- In contrast, OPEC has revised its 2027 oil demand forecast upwards by 200,000 bpd to an estimated increase of 1.9 million bpd.
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