OPEC Lowers 2026 Oil Demand Growth Forecast to 970,000 b/d in Second Consecutive Cut
OPEC has lowered its forecast for global oil demand growth in 2026 to 970,000 barrels per day, down from 1.17 million b/d in last month’s assessment, according to the organisation’s Monthly Oil Market Report published on Thursday, 11 June 2026. It is the second consecutive monthly downgrade, taking the projection below the one million barrel…
