OPEC has lowered its forecast for global oil demand growth this year, citing continuing shipping risks linked to Iran and its proxy groups. It now sees demand rising by about 200,000 barrels a day compared with 2025.
01Summary
- 01OPEC cut its forecast for global oil demand growth for the remainder of 2026.
- 02The group said demand for this year will grow by roughly 200,000 barrels per day relative to 2025.
- 03OPEC pointed to persistent risks to shipping from Iran and its proxy groups.
- 04The forecast was released on Tuesday.
02Why it matters
The revision matters because OPEC’s outlook can affect expectations for oil markets, prices and supply planning. Ongoing shipping risks also highlight wider tensions that could affect trade routes and energy costs.
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