World News Opec Further Cuts World Oil Demand Forecasts Marketwatch

Oil prices plunge as OPEC forecasts supply matching demand in 2026, no longer sees deficit

Crude oil prices fell sharply, pressured by mounting concerns of an oversupplied market after OPEC said it now expects a balanced market in 2026, altering its earlier forecast of a deficit. Read More

OPEC shifts oil outlook to see small surplus in 2026

The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift from its earlier ... Read More

OPEC Holds Oil-Demand Forecast Steady While Pointing to Rising Global Inventories

The Vienna-based cartel expects global oil demand to grow by 1.3 million barrels a day this year and 1.38 million barrels a day the next, as the global economy is projected to maintain steady growth. Read More

Oil prices fall more than $2/bbl as OPEC says 2026 supply to match demand

Oil prices fell more than $2 a barrel on Wednesday, weighed down by an OPEC report saying global oil supply will match demand in 2026, marking a further shift from its earlier projections of a supply ... Read More

OPEC Points to Smaller 2026 Oil Supply Deficit as OPEC+ Pumps More

LONDON (Reuters) -World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last month's ... Read More