OPEC forecasts drop in shale oil demand
OPEC announced that global oil demand will decline from 1.4 million barrels per day at the beginning of the year to 400,000 barrels per day in 2026, due to the economic slowdown and international market fluctuations. The organization expects demand to rebound in 2027 as economic activity returns to more dynamic levels, amid anticipation of an accumulated demand. This adjustment aims to address current economic conditions more cautiously.
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