OPEC Cuts Oil Demand Growth Forecast to 400,000 Barrels per Day
The Organization of the Petroleum Exporting Countries has lowered its forecast for oil demand growth, financial media outlets reported.
The Organization of the Petroleum Exporting Countries (OPEC) has revised down its oil demand growth forecast to 400,000 barrels per day, media outlets Egypt Oil & Gas and Tempo.co English reported.
According to the report by Egypt Oil & Gas, the revision applies to the demand outlook for 2026. In contrast, Tempo.co English reported the cut to the overall demand growth forecast without specifying an exact timeframe.
The full factors behind the organization's decision and complete details of the report have not yet been released.
Sources: Egypt Oil & Gas, Tempo.co English
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