OPEC lowers 2026 global oil demand growth forecast

ReutersMay 13, 2026 12:00 PM

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LONDON, May 13 (Reuters) - OPEC on Wednesday lowered its forecast for world oil demand growth in 2026, a copy of its monthly oil report showed, joining other forecasters such as the International Energy Agency that have reduced their expectations due to the Iran war.

OPEC also raised its forecast for 2027 oil demand growth, according to report seen by Reuters.

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