OPEC Lowers 2026 Oil Demand Forecast but Raises Outlook for 2027

OPEC has revised its oil demand growth forecast downward by approximately 200,000 barrels per day (bpd) to around 800,000 bpd for 2026 due to the ongoing geopolitical conflict in the Middle East. However, it raised its outlook for 2027, anticipating a recovery if tensions ease. The adjustments reflect shifting supply and demand dynamics impacting oil prices and energy companies like ExxonMobil.

By Reuben Gregg Brewer · Motley Fool · July 14, 2026, 08:37 UTC

Tickers: $XOM

Topics: demand projections energy sector oil OPEC

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