August 12, 2026CommoditiesMacro·Bearish·energy

OPEC cuts 2026 global oil demand growth forecast to 580K bpd from 780K bpd

OPEC cut its 2026 global oil demand growth forecast to 580K bpd from 780K bpd, while the IEA raised its 2026 oil supply decline forecast to 4.3M bpd from 3.7M bpd, citing a Hormuz standoff derailing supply recovery and deepening demand slump.

Detected & updated continuously · Source: Nebula

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Organization of the Petroleum Exporting Countriesoil

Sources

@blckchaindaily

🚨 OPEC CUTS 2026 GLOBAL OIL DEMAND GROWTH FORECAST TO 580K BPD FROM 780K BPD $USO

@MSBIntel

IEA raises 2026 oil supply decline forecast to 4.3M bpd from 3.7M bpd.

@WSJmarkets

Hormuz Standoff Derails Oil Supply Recovery and Deepens Demand Slump, IEA Says https://t.co/tMEOs7yiT9