OPEC Raises Forecast for 2027 Global Oil Demand Growth

Source link: OPEC Raises Forecast for 2027 Global Oil Demand Growth. OPEC raised its forecast for global oil demand growth in 2027 from 2.36 million barrels per day to 2.55 million barrels per day. It lowered its estimate for 2026 demand growth from 380,000 barrels per day to 180,000 barrels per day. According to OPEC data, average production […] Source: Safir Arjan

OPEC forecasts the growth of global oil demand in 2027 from 2.36 million barrels per day to 2.55 million barrels. The spokesman of the coalition announced the imminent issuance of an evacuation warning in Sana'a. $18.68 Forecast………… $16.86 Actual Quarterly REVENUE………… $17.01 Billion Forecast……….. 13.09 Billion Fed Goolsby: AI Has Become An Inflation Issue The Fed's Goolsby says inflation is still too high. He cites the artificial intelligence boom as a factor to boost prices Wells Fargo Bank (WFC) Q3 2026 Earnings Report: Actual Earnings Per Share (EPS)…………. 1.87 forecast…………1.84 actual quarterly REVENUE…………$21.87 billion forecast………..$22.31 billion

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OPEC raised its forecast for global oil demand growth in 2027 from 2.36 million barrels per day to 2.55 million barrels per day. On the other hand, this institution reduced the demand growth estimate for 2026 from 380 thousand barrels per day to 180 thousand barrels per day.

According to OPEC statistics, the average crude oil production of OPEC Plus, including the United Arab Emirates as a former member of this group, reached 39.07 million barrels per day in September 2026; About 900,000 barrels per day more than in August.

Saudi Arabia reported to OPEC that the country's crude oil production increased to 8.372 million barrels per day in September; This figure was 6.238 million barrels per day in August. According to this report, Saudi production has recovered from its lowest level in three decades.