OPEC lowers its estimate for global oil demand growth in 2026.

THE Organization of the Petroleum Exporting Countries (OPEC) The cartel has reduced its projection for global fuel demand growth in 2026 to 1 million barrels per day (bpd), 200,000 bpd below the previous estimate, according to its monthly report released yesterday (11). If the estimate is confirmed, global oil consumption in the year would be 106.13 million bpd. On the other hand, for 2027, the cartel forecasts demand of 1.7 million bpd, an increase of 200,000 bpd compared to the previous projection, resulting in total consumption of 107.86 million bpd.

This text was translated by machine from Brazilian Portuguese.