OPEC Adjusts Long-Term Oil Demand Forecast Amid Shifting Global Economic Outlook
Shifting Projections for Global Energy Consumption In a significant recalibration of global energy trends, the Organization of the Petroleum Exporting Countries (OPEC) announced this week that it has lowered its oil demand growth forecast for 2026 to 1.17 million barrels per day (bpd), while simultaneously raising its outlook for 2027 to 1.54 million bpd. This…