OPEC Revises Downward Its 2026 Oil Demand Growth Forecast but Raises Outlook for 2027

OPEC has revised its oil demand growth forecast downward by approximately 200,000 bpd to around 800,000 bpd for 2026 due to ongoing geopolitical tensions in the Middle East. However, it raised its outlook for 2027 despite current conservation efforts. The adjustments reflect shifting supply and demand dynamics impacting oil prices and energy companies like ExxonMobil.

By Reuben Gregg Brewer, The Motley Fool Tue, July 14, 2026 at 11:57 AM GMT+3 4 min read · Yahoo Finance · July 14, 2026, 08:57 UTC

Tickers: $XOM

Topics: 2026 outlook 2027 outlook demand forecast energy sector oil prices OPEC

Read the full article at Yahoo Finance

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