OPEC once again cuts forecast for global oil demand growth in 2026

OPEC once again cuts forecast for global oil demand growth in 2026 Demand is expected to increase by 0.4 mln barrels per dayMOSCOW, September 10. /TASS/. The Organization of the Petroleum Exporting Countries (OPEC) has revised down its forecast for global oil demand growth in 2026. Demand is expected to increase by 0.4 mln barrels per day (bpd) to 105.84 mln bpd, according to the organization's September report. A month earlier, OPEC expected demand growth this year to reach 0.6 mln bpd. OPEC now expects oil demand in OECD countries to decline by 0.1 mln bpd this year, while demand in non-OECD countries is projected to grow by around 0.5 mln bpd. For 2027, by contrast, OPEC raised its forecast. The organization now expects global oil demand to grow by around 2.4 mln bpd year on year, following an upward revision from last month's forecast. Demand in OECD countries is projected to increase by around 0.4 mln bpd, while non-OECD demand is expected to rise by around 2 mln bpd. TagsOPECRussian, Indian companies to cooperate on textile productionUnder the cooperation, wool produced in Russia, including in the Republic of Kalmykia, is expected to be used to manufacture fabrics under the Aurus Cashmere brand in India at Bansal Spinning Mills' production facilitiesRead moreBattlegroup South infantry begins assault on Druzhkovka — Russian Defense MinistryRussian forces used precision-guided weapons to hit a warehouse of an enterprise producing unmanned boats, drones and components for them in Kiev overnightRead morePress review: Canada hits back at US tariffs and Spain faces scrutiny over Russian claimsTop stories from the Russian press on Wednesday, August 9thRead moreMillions of KVN fiber-optic drones delivered to Russia’s special op zone — developer"To this day, the KVN’s effectiveness as a frontline strike drone has not diminished," Alexey Chadayev said Read moreLogistics centers, cargo terminal, warehouses hit: group strikes by Russian Armed ForcesUkrainian media reported explosions overnight and on Wednesday morning in Kiev, Nikolayev, Romny in the Sumy Region, and in KharkovRead moreRussia transferred Professor Gagarinsky vessel to Vietnam in 2025 — PutinAccording to the Russian president, the fully equipped floating research station is operated by specialists from the Tropical CenterRead moreRussia can raze Kiev to ground but feels responsible for humankind’s future — MedvedevSecurity Council's deputy chairman called this scenario "a point of no return for the entire planet"Read moreKremlin comments on potential Putin-Trump meeting, reasons for Kiev's 'flexibility'Russian President Vladimir Putin and US President Donald Trump have not discussed the specifics of a potential meeting on the sidelines of the APEC summit in ChinaRead moreUS Department of Energy raises this year’s forecast for price of barrel of Brent to $91.01The price of Brent crude is expected to average $73.74 per barrel in 2027, declining as global oil production rises and inventories recoverRead moreWhite House calls FT data on possible change in composition of US negotiators inaccurateWhite House Deputy Press Secretary Anna Kelly said that none of these supposed conversations are happeningRead moreZelensky hopes to meet with Trump after September 20 — mediaLa Stampa quoted Vladimir Zelensky as saying that he wants "to raise the issue of supplies of American air defense systems"Read morePress review: Europe eyes Ukraine talks as US unlikely to reduce Middle East military roleTop stories from the Russian press on Thursday, August 10thRead moreISU rejects appeals from Valieva, Kondratyuk against neutral status revocationAt the 2026 Winter Olympic Games, the ISU allowed other two Russian figure skaters to participate under a neutral statusRead moreRussia, Vietnam share similar approaches to international issues — PutinThe Russian leader said that Moscow and Hanoi firmly defend the principles of the rule of the international law, sovereignty, and non-interference in internal affairsRead moreDeath toll from Nepal’s flooding rises to 1,374 — TVMore than 5,100 people remain missingRead moreEurope seeks to deport Ukrainians who arrived as refugees — Foreign Intelligence ServiceThe European Commission has directed the governments of EU countries to develop legally sound mechanisms for deporting Ukrainian citizensRead moreUS envoys leave Kiev in shock over Zelensky entourage’s behavior — lawmakerAnna Skorokhod recalled that David Arakhamia, the head of the parliamentary faction of the ruling Servant of the People party, was wearing a "Kiev regime" T-shirt while speaking with the US envoysRead moreUAC signs agreements to supply 105 Il-114-300 aircraft to IndiaA memorandum of understanding was also signed with Sleek Aviation for the supply of 35 aircraftRead moreHouthis attack three Saudi cities with missiles, drones — coalitionYemen’s rebel Ansar Allah movement attacked Khamis Mushait, Abha and Jizan with ballistic missiles and drones, Brigadier General Turki al-Maliki, spokesman for the Saudi-led Arab coalition, reportedRead moreRussia, Vietnam agree to expand cooperation in oil, gas sectorThe parties regard cooperation in the fuel and energy sector as a strategic breakthrough in Russian-Vietnamese relations that contributes to ensuring the two countries’ energy securityRead moreNABU investigating more than 60 Ukrainian lawmakers — mediaAccording to Alexander Abakumov, head of one of the bureau’s investigative units, Vladimir Zelensky’s failed attempt to take control of NABU in 2025 only bolstered the bureau’s positionRead moreMedvedev calls for improving UN institutesThe system for implementing UN decisions also needs improvement, Security Council's deputy chairman addedRead moreTrump expects war with Iran to end after US midterm electionsThe US president claimed that Iran may try to interfere with the US electionsRead moreRussia-Vietnam defense partnership not directed against anyone — statementThe two countries have agreed to intensify delegation exchanges, primarily at the high levelRead moreRussia, Vietnam oppose sanctions, seizure of countries' assetsMoscow and Hanoi do not support the drawing of dividing lines on ideological groundsRead moreRussian, Vietnamese presidents adopt statement to further strengthen strategic partnershipThe document is structured into three partsRead moreRussian diplomat slams Zelensky’s threats to Russia aviation as blatant terrorismMaria Zakharova added that Ukraine is a state that is fully affiliated with terrorist activitiesRead moreNearly 11 mln barrels of oil transit Strait of Hormuz daily — US energy secretaryAccording to Chris Wright, the data as of Wednesday morning "were at the highest since the start of the conflict"Read moreRussia’s Dan-T munition visually similar to Banderol missile — expert"One of the munition’s main competitive advantages is its significantly lower cost compared to Western counterparts," Alexander Stepanov saidRead moreLeipzig drone could be controlled from anywhere in world — newspaperAccording to the results of the newspaper’s investigation, the UAV intercepted in Leipzig is a racing drone Read moreNumber of forcibly deported illegal migrants up by 85% — PutinThe Russian leader said the number of deportations through administrative proceedings had increased 2.6-foldRead morePutin gave Trump objective analysis of special military operation — Kremlin aideYury Ushakov added that Vladimir Putin presented Russia's view of the prospects for progress on the battlefieldRead moreRussia, Vietnam sign 17 deals including on partnership in nuclear, oil, gas sectorsАn agreement on cooperation in the regulation of nuclear and radiation safety in the use of atomic energy was also signedRead moreNearly 200,000 foreigners violating Russian laws barred from entering country — ministryAndrey Kikot also pointed to an intensification of efforts to improve the quality of document checks for foreigners applying for legal status in RussiaRead moreVietnam, Russia to bring trade turnover to $15 bln by 2030 — To LamVietnam's president said that Hanoi welcomes increased investment by Russian companies in the development of renewable energy and the oil and gas sector, as well as in the exploration of deep-sea resourcesRead moreTrump says Iran nuclear deal was among the worst ones in historyThe conflict with Iran would end shortly after the midterm elections, the US president said separatelyRead moreApple unveils its first foldable iPhoneThe smartphone unfolds horizontally and features an asymmetrical body when closedRead moreOver 100,000 people sign petition asking FIFA to open probe into chief InfantinoThe FairSquare human rights organization previously submitted a letter to the FIFA Governance, Audit and Compliance Committee, demanding that Gianni Infantino be declared ineligible to run for a new presidential term in the upcoming electionRead moreEurope to rethink Ukraine funding — Zelensky’s former spokeswomanAccording to Yulia Mendel, Zelensky’s office says the Defense Ministry’s previous leadership spent funds earmarked for the second half of the year ahead of scheduleRead moreReserve FPV interceptor drone units to be formed in Moscow Military DistrictThe new units are being created to rapidly counter enemy unmanned aerial vehicles, ensuring reliable protection of military and civilian infrastructure facilitiesRead moreIAEA new anti-Iranian resolution fraught with new round of escalation — Russian diplomatMikhail Ulyanov said that the US and the E3 nations are systematically turning the IAEA Board of Governors into a "conveyor belt of provocative anti-Iranian attacks"Read moreHigh Precision Systems developments help Russia create unified air defense systemThe airspace control system ensures early detection and classification of targets, generates a unified situational picture, and transmits data to the command postRead moreIran strikes two US destroyers with ballistic missiles — IRGCAccording to the statement, the strikes inflicted significant damage on the shipsRead moreUS may hit Iran over activity at suspected nuclear facility — TrumpThe US president did not rule out an attack on Pickaxe MountainRead moreRussian stocks close mixed on WednesdayBCS World of Investment projects the dollar exchange rate for Thursday at 84.5-85.2 rubles, and the yuan at 12.6-12.7 rublesRead moreKremlin spokesman comments on Ukraine settlement roadmaps, budget deficit, gas pricesRussia expects the launch of trilateral Russian-US-Ukrainian negotiations in the foreseeable future, Dmitry Peskov said Read moreNo need in mobilization in Russia — MedvedevThe deputy chairman of the Security Council said the needs of the armed forces are fully met by contract soldiers and volunteersRead moreCanadian PM to meet with Zelensky in Calgary on September 10The meeting will begin at 3:00 p.m. GMTRead moreZelensky’s ex-spokesperson no longer sure Ukraine will retain statehoodYulia Mendel said the society itself is wearing downRead moreFSB detains Ukrainian agent gathering information on UK diplomats in Moscow: what is knownThe Russian worked as a security guard at the UK Embassy in MoscowRead moreWhite House may reduce role of Witkoff, Kushner in Ukraine’s peace process — FTAccording to the newspaper, the White House has long been examining the possibility of reforming its negotiating team after the peace process stalledRead moreRussia destroys 675 Ukrainian warplanes over course of special opThe Russian Defense Ministry published footage of a Ukrainian Air Force MiG-29 being destroyedRead moreKnyaz Vandal drones have no counterparts worldwide — special op participantTimur Syrtlanov emphasized that the special military operation had given a powerful impetus to the development of the domestic military-industrial complexRead morePutin says volume of trade between Russia, Vietnam does not match potentialIn the first half of this year, trade grew by another 13.8%, Russian President Vladimir Putin notedRead moreRDIF CEO accused FT of disseminating disinformation to derail Russia-US dialogueKirill Dmitriev commented on a post by the White House deputy press secretary, refuting the newspaper's statement that the authority had declined to comment on the information in its articleRead moreCivilian killed as Ukraine launches 448 drones at Russia overnightTwenty-eight civilians were injured in a Ukrainian unmanned boat attack on the seafront in the Black Sea resort of SochiRead moreRussian retaliatory strikes for Ukraine’s attacks carry graver consequences, Lavrov saysAccording to the Russian foreign minister, the end of Ukraine is not a happy one, so he feels sorry for BritainRead moreUS not currently seeking talks or deal with Iran — TrumpThe US president did not rule out negotiations with TehranRead morePoll finds 45% of voters in eastern Germany support AfD, while only 12% back Merz's partyThe Social Democratic Party (SPD) and the Greens each receive 9% supportRead moreKiev forms cyberterrorism structure under NATO auspices — MFASpokeswoman Maria Zakharova stressed that organized Ukrainian forces were tasked with carrying out extremist acts against Russian civilian infrastructure under the guise of fraudRead moreRussia receives $3.77 bln in revenue from migration processes over 1.5 yearsThe Russian president clarified that the federal budget received more than $705.47 mln of that amount, while regional budgets received more than $2.94-$3.06 blnRead moreIsrael violated ceasefire with Lebanon 7,700 times since June 26 — Lebanese militaryThe Lebanese army rejected Israel’s claims that it was allegedly unable to fulfill the mission of ensuring security in the so-called pilot zonesRead moreVietnamese leader describes talks with Putin as ‘highly successful’To Lam says the sides noted that the strategic partnership of the two countries "has reached a positive, practical and comprehensive progress, anchored by shared interests and with a solid foundation of mutual trust"Read moreHanoi, Moscow to boost ties in defense, security, digital transformation — To LamThe Vietnamese president says Hanoi and Moscow are set to "transform science and technology, innovations and digital transformation into a real pillar and the primary driving force of bilateral relations"Read moreRussia, US have much to talk about — Russian diplomatMaria Zakharova commented on a potential meeting between the Russian and US presidents on the sidelines of the APEC summit in China and potential topics for dialogueRead moreAbu Dhabi as venue for talks, Ukraine peace roadmap: Kremlin aide’s statementsYury Ushakov said that Moscow and Washington discussed the possibility of resuming contacts with Ukraine on a peaceful settlement, including trilateral talksRead moreMedvedev anticipates soon ‘peaceful death’ of International Criminal CourtThe problem is that the ICC is based on the principle of universal jurisdiction even over those countries that have not signed its founding documents, Security Council's deputy chairman explainedRead moreEight civilians injured after attack by Ukrainian uncrewed boats on SochiThe beach infrastructure and an adjacent embankment section were partially damagedRead moreSeveral US warplanes damaged after Iranian strikes on Jordan — TVSources told CBS that the fighter jets have been repaired and are operational againRead moreIraqi tankers transit Strait of Hormuz with identification systems off — expertNabil al-Marsoumi says oil is transported with the involvement of ADNOC and passes through the strait via the ‘Omani route’Read moreHysteria following Leipzig drone incident is planned escalation — MFARussian Foreign Ministry Spokeswoman Maria Zakharova said the widespread dissemination of baseless, false, and even absurd accusations has become a mandatory element of the information war against RussiaRead moreBanning Alternative for Germany cannot solve country’s problems — MerzThe German chancellor says the AfD should be challenged through political debate, and efforts should be made to convince citizens of the merits of the policies being pursuedRead moreEurope not interested in peace in Ukraine at all — PatrushevThe Russian Presidential Aide added that the United States can influence Ukraine regarding a peaceful settlementRead moreMedvedev says cyberspace is battlefield where Russia must defend its bordersRussia is cooperating in countering transborder cyberthreats with friendly countries, primarily its partners in the Shanghai Cooperation Organization, BRICS, and a number of Asian, Middle East, and Latin American states, Security Council's deputy chairman saidRead moreAnnual inflation in Russia totals 6.29% from September 1 to 7 — ministryPrices changed by 0.05% during the week of September, the Economic Development Ministry reportedRead morePentagon says NATO must be prepared for ‘protracted conflict’ in UkraineElbridge Colby added that the authority "cannot predict" the duration of the conflictRead moreRussia’s Northern Fleet ships enter Laptev Sea as part of Arctic deploymentThe fleet noted that, based on the results of the aerial reconnaissance of the ice conditions, the detachment commander approved the route for the warships and vesselsRead moreGermany’s AfD leader calls for resumption of Russian gas supplies amid low storageAlice Weidel stressed that gas injection must be the top priorityRead moreUkrainian lawmaker describes US proposals as conditions for Kiev to surrenderDmitry Mikisha also expressed dissatisfaction with the fact that the US envoys had so far made seven trips to Moscow, while visiting Kiev only onceRead moreKiev deliberately targeting Zaporozhye NPP employees — Russian envoy"Recently, the situation around the Zaporozhye NPP and its satellite city, Energodar, has become critically tense," Mikhail Ulyanov saidRead moreVietnam, Russia to back each other up with strong political support — President To LamThe president of Vietnam emphasized that he "always supports Russia’s stable and strong development, as well as its increasingly significant role in the regional and global architecture"Read moreAbout nine million foreign nationals arrive in Russia annually — ministerAt the moment, the number of foreigners in Russia stands at 6-6.5 million, Andrey Kikot said Read moreMeeting with CIA director 'businesslike, friendly' — Russian intel chiefEverything was professional and clear, Sergey Naryshkin said Read moreOver 50 shelling attacks by Ukrainian troops reported in DPR in past day, two killedNine people were woundedRead moreRussia, Vietnam have solid groundwork for cooperation in hydropower — PutinThe Russian president noted that over a third of Vietnam’s hydropower generation capacity was designed and built with the participation of Russia's specialistsRead morePutin describes talks with Vietnamese counterpart as productiveThe Russian leader said the sides addressed key bilateral and international issuesRead moreBattlegroup South infantry begins assault on Druzhkovka — Russian Defense MinistryAccording to the report, the units are operating according to a standard planRead moreLavrov recalls Putin’s words that if Europe attacks Russia, the war will be 'short'The Russian foreign minister noted that the head of state repeated several times that Moscow is not going to attack several timesRead moreZelensky’s 'aerial blackmail', Europe’s anti-Russian hysteria: diplomat’s statementsThe situation with the Professor Molchanov vessel is far from being resolved, Maria Zakharova said Read moreConsequences of Kiev's provocation against UK diplomats could have been grave — expertNechayev explained that the essence of the Ukrainian special services' scheme involved gathering personal dataRead moreKiev planned terrorist attacks in Moscow against UK envoy, diplomats as provocation — FSBThe FSB detained a former UK embassy security guard who was a Ukrainian Security Service (SBU) agent gathering information on British diplomatsRead moreOther countries aiding Iran won't alter balance of power — US Secretary of StateMarco Rubio added that Washington will "continue to strangle" Iran economically, restricting its foreign trade and financial tiesRead moreApple unveils iPhone 18 Pro, Pro MaxThe smartphones will be available in four colors: black, silver, glacier, and burgundyRead moreLondon aware of former embassy security guard detention in Moscow — Foreign OfficeAccording to the spokesperson, London is establishing factsRead moreRussia, China, Niger vote against anti-Iranian IAEA resolution — sourceThe Western-backed resolution has been adopted anyway, but not unanimouslyRead moreEU should be concerned about losing control over Kiev’s actions — KremlinAccording to Dmitry Peskov, there are many such examplesRead moreUS, Israeli guarantees needed for IAEA to be granted full access to Iranian nuke sitesRussian Permanent Representative to the Vienna-based international organizations Mikhail Ulyanov said that the IAEA director general could play a constructive role in securing such guarantees in his contacts with the countries concernedRead moreRussia, Vietnam to strengthen cooperation in countering extremismIn this context, Russia and Vietnam stressed the need for their competent authorities to exchange best practices and enhance cooperationRead moreMoscow, Hanoi to continue building Nuclear Science and Technology Center in VietnamAccording to the joint statement, it is a key element of cooperation in the area of peaceful use of nuclear energyRead moreTrump suggests Strait of Hormuz be renamed Trump StraitThe US president separately said he is convinced that oil prices would go down after the US wins the war with IranRead moreFSB detains SBU agent in Moscow for gathering information on UK diplomatsHe was gathering information for Ukrainian blogger Dmitry KarpenkoRead more