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OPEC held its global oil demand growth forecasts for 2026 and 2027 unchanged, signaling no shift in its outlook for medium-term consumption. The decision keeps the group’s projected demand trajectory intact even as traders watch for signs of slowing economic growth and supply-side pressures. Because OPEC’s forecasts underpin expectations for future production policy, the unchanged numbers may reinforce the group’s cautious stance on market balances. Next, investors will focus on whether subsequent monthly reports revise those demand estimates and how that affects OPEC+ output decisions.

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