OPEC Monthly Oil Market Report - August 2026 edition
13 August 2026 · All day · Energy event · Global
Outcome
OPEC's August 2026 Monthly Oil Market Report, released Wednesday, August 12, 2026, cut its forecast for 2026 global oil demand growth to 580,000 barrels per day from a July estimate of 780,000 bpd. The downgrade came alongside a similar cut by the International Energy Agency, both citing the continued closure of the Strait of Hormuz.
About this event
- 2026 oil demand growth forecast
- 580,000 bpd
- Previous forecast (July)
- 780,000 bpd
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