OPEC Raises Oil Demand Growth Estimates for Next Year

Global oil demand is set to grow by 1.38 million barrels per day (bpd) in 2026, OPEC said on Tuesday as it raised its forecast for next year by 100,000 bpd on the back of expected stronger economies in key oil-consuming regions.  In its closely-watched monthly report out of Tuesday, OPEC said that the upward revision for 2026 was “on the back of expected better economic performance in OECD America, OECD Europe, as well as the Middle East and Africa.”  The cartel left its demand growth estimate for this year unchanged at 1.29…