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The Economic Times

Economy / The Economic Times

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OPEC further lowers 2026 global oil demand growth forecast

OPEC has lowered its 2026 oil demand growth forecast to 380,000 barrels daily. This marks the fifth consecutive downward revision for the producer group's outlook. The organisation sees a smaller consumption impact from the Iran war than other agencies. OPEC also increased its oil demand growth forecast for the year 2027. This report was published on the organization's official website.

10 Sep 2026 5:54 pm