Commodities
OPEC Lowers Oil Demand Growth Forecast to 400,000 Barrels Per Day
OPEC has revised its forecast for global oil demand growth in 2026, cutting it to 400,000 barrels per day. This is down from a previous estimate of 600,000 barrels per day in August.
The adjustment follows a series of downward revisions in previous months, reflecting a cautious outlook on future oil consumption.
The revised forecast appears to be influencing market expectations for oil's future price trajectory, with Brent crude recently trading around $101 per barrel.