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OPEC Cuts Demand Forecast, Oil Prices Volatile

Updated 2026-05-14 02:00 UTC 1 source Negative

The International Energy Agency (IEA) has flagged greater volatility in oil markets. OPEC recently cut its demand growth estimates for 2026 to about 1.2 million barrels per day, signaling potential challenges ahead for the global energy sector.

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Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast

OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day.

2026-05-14 01:51 UTC