OPEC cuts oil demand forecast amid market volatility

OPEC reduced its oil demand growth estimates for 2026 to approximately 1.2 million barrels per day, as the International Energy Agency warned of increased market volatility.

14 May, 01:48 — 14 May, 01:48

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cnbcMostly Factual1h ago

Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast

OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day.

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OPEC cuts oil demand forecast amid market volatility

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Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast

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