OPEC raises global oil demand forecast for 2026

The Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth in 2026 in its monthly oil market report released on the 12th, while maintaining its forecast for 2025 unchanged. The report stated that global daily oil demand in 2026 will increase by about 1.38 million barrels compared to 2025, reaching 106.5 million barrels; in 2025, global daily oil demand will increase by 1.29 million barrels compared to last year, reaching 105.1 million barrels.