This hefty build far surpassed the 793,000-barrel rise analysts had expected in a Reuters poll, putting a cap on gains in oil prices.Positive US data boosts oil demand prospects ... demand outlook.
The InternationalEnergyAgency (IEA) has revised down its forecast for global oil demand growth in 2026 by around 83,000 barrels per day (bpd), citing seasonal weakness and a modest, economy-driven outlook.
Oil demand is projected to rise by 1.34 million barrels a day next year supported by easing inflation, fiscal measures and improving global trade ... .
11 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) announced on Wednesday that it is maintaining its previous forecasts for global oil demand growth in 2026 and 2027.