OPEC once again revised the outlook for global oil demand growth in 2026

OPEC said in its October report that this figure is expected to grow by 0.2 million barrels per day and demand will reach 105.72 million barrels per day.

Moscow, October 13. /TASS/. The Organization of the Petroleum Exporting Countries (OPEC) revised downwards the growth forecast for international oil demand in 2026.

OPEC said in its October report that this figure is expected to grow by 0.2 million barrels per day and demand will reach 105.72 million barrels per day. The organization a month ago expected global demand to grow by 0.4 million barrels per day in 2026.

A decrease of about 0.2 million bpd is expected in OECD countries, while non-OECD countries are expected to show growth of 0.4 million bpd.

Meanwhile, OPEC raised its outlook for 2027. The organization now expects global oil demand to grow by 2.6 million barrels per day annually. An increase of 0.5 million barrels per day is expected in OECD countries and about 2 million barrels per day in non-OECD countries.