OPEC cuts 2026 oil demand growth forecast to 400k bpd, sees 2027 accumulation

OPEC lowered its 2026 world oil demand growth projection to 400,000 barrels per day, down from a prior estimate, and expects demand to accumulate further in 2027. The revision signals a softer demand outlook, likely reflecting weaker global economic momentum or efficiency gains. This could pressure oil prices and influence OPEC+ supply decisions.