OPEC Sees Steady Oil Demand Growth in First Look at 2026

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OPEC forecast another year of steady oil demand growth, driven by India and China, in its first detailed assessment of 2026.

World oil consumption will increase by a “robust” 1.4 million barrels a day in 2026, equaling the pace expected for this year and surpassing the predicted growth in supplies, the Organization of Petroleum Exporting Countries said in a monthly report on Jan. 15. …