OPEC cuts its forecast for global oil demand growth this year to 970,000 barrels per day
OPEC has revised its global oil demand growth forecast for 2026, lowering it to 970,000 barrels per day from a previous estimate of 1.17 million barrels per day. However, the organization increased its demand growth forecast for 2027 to 1.73 million barrels per day, up from 1.54 million barrels per day. In unrelated news, a company named Disenli plans to acquire a 30% stake in Guangdong Quanxin Semiconductor for 98 million yuan, with Guangdong Quanxin focusing on the research, design, and manufacturing of storage electronics. AI