What is OPEC's revised 2026 global oil demand growth forecast, and how does it compare to its previous forecasts?

OPEC lowered its forecast for world oil demand growth in 2026 to 780,000 barrels per day, marking the third straight downward revision.

How does OPEC's outlook for 2026 oil demand differ from the International Energy Agency's (IEA) projection?

OPEC continues to see a smaller impact on oil consumption since the Iran war started than the International Energy Agency, which expects oil demand to decline in 2026.

OPEC further lowers 2026 global oil demand growth forecast

Jul 13, 2026

OPEC lowered its 2026 oil demand growth forecast to 780,000 barrels per day, marking the third consecutive downward revision. The group raised its 2027 outlook while expecting less consumption impact from the Iran war than other analysts.

reuters

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