OPEC: 2026 Demand Growth Seen Staying at 1.4M Bpd


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- The Organization of Petroleum Exporting Countries and 
its partners maintained a 1.4 million bpd growth forecast for world oil demand 
in 2026 in their monthly report for February released Wednesday (2/11), 
unchanged from last month.

   OPEC's forecast global production growth of 600,000 bpd was also unchanged 
from January, the latest monthly report showed.

   Combined crude oil production by the Declaration of Cooperation (DoC) 
participants -- consisting of 12 OPEC members and 10 allies also known as OPEC+ 
 -- fell by 439,000 bpd in January to an average of 42.45 million bpd, the 
February report stated. The decline was largely driven by production outages 
and heightened geopolitical developments that impacted major supply routes and 
physical market fundamentals.




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