OPEC Lowers 2026 Global Oil Demand Growth Forecast for Second Consecutive Month

AI-generated NewsSnap summary based on source reporting.
Published: 2026-06-30
Category: finance
Source: Argus Media

OPEC has again trimmed its forecast for global oil demand growth in 2026, projecting an increase of 970,000 barrels per day (b/d), down from its previous forecast of 1.17 million b/d. This downgrade is partly attributed to reduced demand growth in India and a projected decline in Middle East consumption.

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