On October 13, local time, the Organization of Petroleum Exporting Countries released the “Monthly Report on the Petroleum Market” for October 2026, raising the forecast for global oil demand growth in 2027 from 2.36 million barrels per day to 2.55 million barrels. OPEC also said on the same day that OPEC and non-OPEC oil producers will continue negotiations within the “OPEC+” framework. Participants emphasized that in addition to balancing supply and demand, ensuring safe, unobstructed and economically viable energy transportation channels is also essential for maintaining market stability.
Zhitongcaijing · 1d ago
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On October 13, local time, the Organization of Petroleum Exporting Countries released the “Monthly Report on the Petroleum Market” for October 2026, raising the forecast for global oil demand growth in 2027 from 2.36 million barrels per day to 2.55 million barrels. OPEC also said on the same day that OPEC and non-OPEC oil producers will continue negotiations within the “OPEC+” framework. Participants emphasized that in addition to balancing supply and demand, ensuring safe, unobstructed and economically viable energy transportation channels is also essential for maintaining market stability.
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