Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of ...

In its monthly report, OPEC forecast global oil-demand growth of 1.17 million b/d this year, down from 1.38 million in its previous estimate made in mid-April. Next year's growth is projected at 1.54 ...

It now forecasts global oil-demand growth of 1.17 million barrels a day this year, from 1.38 million previously.

Oil production among OPEC members fell more than 30% since the beginning of the Iran war, the organization said.

OPEC revises forecast: OPEC cut its 2026 oil demand growth projection amid slowing consumption and war-related supply ...

Global oil demand growth in 2026 has been adjusted lower, reflecting weaker OECD consumption and a softer outlook in Asia.

OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, joining other forecasters such as the ...

The Arab oil producer has long expressed frustration with the quotas it has to follow as part of OPEC, the cartel of major ...

OPEC trims 2026 oil demand growth forecast but raises 2027 outlook, highlighting volatile markets and shifting expectations ...

The United Arab Emirates will leave OPEC effective Friday, stripping the oil cartel of its third-largest producer and further ...

LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's ...

LONDON (Reuters) -The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift ...