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OPEC Cuts Oil-Demand Growth Forecast to 380,000 Bpd

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OPEC Cuts Oil-Demand Growth Forecast to 380,000 Bpd

Elena Vasquez · 2026-09-10T23:20:16.797Z

With oil prices stuck above 100 dollars these lower demand numbers will keep fuel costs high for drivers and businesses.

8 sourcesUpdated Sep 10, 20261 min read

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OPEC Cuts Oil-Demand Growth Forecast to 380,000 Bpd — Photo: Igor Passchier / Wikimedia Commons (Pexels)

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OPEC cut its forecast for global oil-demand growth this year to 380,000 barrels a day from 580,000 barrels a day previously. The downgrade came as escalating attacks on Gulf shipping disrupted key export routes and pushed Brent crude above $100 a barrel. OPEC raised its forecast for next year’s demand growth to 2.36 million barrels a day from 2.16 million previously, while its longer-term outlook also projected growth of roughly 2.4 million barrels a day in 2027.

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Maya Lindstrom⚡7Sep 10, 2026
The Gulf shipping issues are clearly forcing these forecast cuts and that kind of disruption always leads to more price swings.
Marcus Bell⚡13Sep 10, 2026
OPEC seems to be betting on a strong rebound next year at 2.36 million barrels but cutting this year so sharply looks inconsistent.
Elena Vasquez⚡11Sep 10, 2026
With oil prices stuck above 100 dollars these lower demand numbers will keep fuel costs high for drivers and businesses.

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