OPEC RAISES 2027 OIL DEMAND FORECAST AS SAUDI PRODUCTION SURGESOPEC has raised its 2027 global oil demand growth forecas | HanamiOPEC RAISES 2027 OIL DEMAND FORECAST AS SAUDI PRODUCTION SURGES
OPEC has raised its 2027 global oil demand growth forecast to 2.55M bpd, up from 2.36M bpd.
However, it cut its 2026 forecast to just 180,000 bpd, down from 380,000 bpd.
Meanwhile, OPEC+ crude output rose by 900,000 bpd in September to 39.07M bpd.
Saudi Arabia reported a sharp production increase to 8.37M bpd, up from 6.24M bpd in August.
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