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Politics

OPEC cuts oil demand projections for remainder of 2026

The Hill · October 13, 2026 at 3:04 PM

OPEC cuts oil demand projections for remainder of 2026

The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast of global oil demand growth for this year, amid persistent risks to shipping from Iran and its proxy groups.

The group projected Tuesday that oil demand for this year will grow by roughly 200,000 barrels per day relative to 2025, down from OPEC’s forecast...

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