OPEC announces it is cutting its forecast for global oil demand growth in 2026, citing weaker expectations for demand amid heightened uncertainty in energy markets. The decision is described as part of a broader shift among major energy forecasters, which also reduce their outlooks for the coming year. Sources say the change aligns OPEC’s projection with the International Energy Agency (IEA) and other institutions that have trimmed their demand growth estimates. The reporting links the downward revisions to disruption risks connected to the Iran war and wider geopolitical tensions affecting trade flows, pricing expectations, and demand forecasts. While the outlets provide similar context, they present the main point consistently: OPEC reduces its 2026 global oil demand growth estimate and moves in step with other international assessments that have turned more cautious about future consumption growth. The updates reflect ongoing reassessment of how geopolitical conditions may influence global economic activity and oil use through 2026.