https://www.live-feeds.com/feed/opec-sees-oil-demand-growth-explode-sixfold-in-2027Continuously updated, source-cited coverage. https://www.live-feeds.com/feed/opec-sees-oil-demand-growth-explode-sixfold-in-2027https://www.live-feeds.com/feed/opec-sees-oil-demand-growth-explode-sixfold-in-2027#u70524Wed, 16 Sep 2026 13:36:06 +0000Oil prices are increasing due to a Saudi Arabian pipeline outage and heightened risks in the Red Sea. U.S. Energy Secretary Chris Wright stated Tuesday that the East-West oil pipeline might return to service within days. Simultaneously, ADNOC is purchasing tens of millions of barrels of Iraqi crude at a 25 per barrel discount. This strategy allows ADNOC to process Iraqi oil domestically and export more of its own supply via routes that bypass the Strait of Hormuz.Why it mattersThese disruptions follow OPEC's recent adjustments to global demand forecasts, including a 2.4 million barrels pe https://www.live-feeds.com/feed/opec-sees-oil-demand-growth-explode-sixfold-in-2027https://www.live-feeds.com/feed/opec-sees-oil-demand-growth-explode-sixfold-in-2027#u65899Sat, 12 Sep 2026 06:32:28 +0000OPEC has increased its 2027 global oil demand growth forecast to 2.4 million barrels per day. Conversely, the organization lowered its 2026 demand growth projections for the fifth consecutive month. For the current year, OPEC expects global oil demand to grow by 380,000 barrels per day. While 2027 demand and overall supply forecasts saw modest increases in the September Monthly Oil Market Report, the group flagged a potential shortfall in Saudi production. These adjustments reflect a shifting timeline for global energy consumption and production recovery.Why it mattersContradicting OPEC's