The Organization of Petroleum Exporting Countries released the “July 2026 Petroleum Market Monthly Report” on the 13th, slightly lowering the forecast for global oil demand growth in 2026 to an average of 800,000 barrels per day compared to the previous month. Among them, demand from the OECD countries increased by about 40,000 b/d, and the new demand still mainly comes from non-OECD economies. Furthermore, according to the report, international oil prices declined markedly in June due to factors such as market expectations of easing tension in the Middle East region and improving supply prospects, but the fundamentals of the global crude oil market remained stable.
Zhitongcaijing · 3d ago
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The Organization of Petroleum Exporting Countries released the “July 2026 Petroleum Market Monthly Report” on the 13th, slightly lowering the forecast for global oil demand growth in 2026 to an average of 800,000 barrels per day compared to the previous month. Among them, demand from the OECD countries increased by about 40,000 b/d, and the new demand still mainly comes from non-OECD economies. Furthermore, according to the report, international oil prices declined markedly in June due to factors such as market expectations of easing tension in the Middle East region and improving supply prospects, but the fundamentals of the global crude oil market remained stable.
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