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OPEC Sees Tighter Oil Outlook Next Year as Demand Accelerates
Mint Bangalore
|August 13, 2025
The Organization of the Petroleum Exporting Countries (OPEC) forecast a tighter global oil market than previously projected, citing accelerating demand growth and a slower expansion in rival supplies.
OPEC raised estimates for world demand growth in 2026 by 100,000 barrels a day to 1.4 million a day, a fractionally higher rate than this year, on stronger economic expectations. It trimmed forecasts for supply growth outside the group by the same amount.
This story is from the August 13, 2025 edition of Mint Bangalore.
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