economy
April 14, 2026
OPEC Keeps Global Oil Demand Growth Forecast of 1.4 Mln Bpd in 2026
The forecast for demand growth in the second quarter of this year was revised downward for OECD and non-OECD countries
TL;DR
- Global oil demand may grow by 1.4 million barrels per day to reach 106.53 million barrels per day.
- The second-quarter demand growth forecast for OECD and non-OECD countries was revised downward due to a temporary slowdown influenced by Middle East events.
- OPEC expects this slowdown to be compensated for in the second half of the year.
- For 2027, OPEC anticipates oil demand to grow by 1.34 million barrels per day, reaching 107.87 million barrels per day.
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