In 1st look at 2026, OPEC predicts ongoing oil demand growth

In first look at 2026, OPEC predicts ongoing oil demand growth
OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic weakness in China, the world's biggest importer of oil.
OPEC Sticks to Oil-Demand View
The Vienna-based cartel retained its oil demand forecast for this year after a series of cuts and projected broadly stable growth into 2026.
OPEC Sees Steady Oil Demand Growth in First Look at 2026
OPEC forecast another year of steady oil demand growth, driven by India and China, in its first detailed assessment of 2026.
OPEC Projects Robust Oil Demand Growth For 2025 And 2026
OPEC has reiterated its earlier forecast that global oil demand will expand at a robust clip at 1.4 mb/d in 2025, largely driven by strong non-OECD growth
IEA Expects Oil Demand Growth to Accelerate But Still Projects Surplus
The International Energy Agency anticipates an acceleration in global oil-demand growth this year on lower prices and an improving economic outlook in developed countries, but still expects the market to be in surplus.
IEA Sees Oil Surplus Narrowing in 2025 Amid Supply Risks
Your report also shows a narrower oil surplus actually for 2025 than previously thought. Does that mean that there is any room for Opec+ to proceed with plans to restore supply? Yes. So we have increased our demand growth slightly for the fourth quarter and 2024.
RBC's Helima Croft: There are no indications that OPEC has any appetite for a 'barrel bailout'
Helima Croft, global head of commodity strategy at RBC Capital Markets, and Fred Kempe, president and CEO of Atlantic Council ...
Oil retreats slightly after boost from US crude draw, Russia sanctions
Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest ...
Oil Glut Will Expand in 2026 as OPEC Output Rebounds, EIA Says
Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana ...
Zawya3h
OPEC Fund contributes to co-financing Africa’s largest onshore wind power project
The facility will be capable of powering more than 1 million homes and reduce carbon emissions by around 2,5 million tonnes ...
September Non-OPEC And World Oil Production Drops
World oil production decreased by 1,014 kb/d in September to 80,795 kb/d. The largest decreases came from Libya, 350 kb/d, ...
TheCable20h
OPEC says Nigeria’s crude oil production dropped marginally in December
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally ...
OPEC Output Dips in December as UAE Improves Delivery of Cuts
OPEC’s crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at ...
The Punch Newspapers20h
Dangote refinery petrol production affecting European markets – OPEC
OPEC says the Dangote Petroleum Refinery and its efforts to ramp up petrol production are impacting the PMS market in Europe.
Crude Oil Prices6h
2025 is a Highly Unpredictable Year For OPEC+
Geopolitics and the foreign and trade policy choices of the new U.S. administration will impact the world order and economy, and OPEC+ will have to carefully navigate through all these to remain a ...