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OPEC cuts oil demand forecast for 2026 as Middle East conflict continues

By Benjamin Chiou

Date: Wednesday 13 May 2026

(Sharecast News) - The Organization of the Petroleum Exporting Countries has cut its oil demand growth projection this year but raised its outlook for next year as it continues to assess the impact of a months-long near closure of the key Strait of Hormuz.
In its monthly report on Wednesday, OPEC...

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