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Will OPEC lower its 2026 global oil supply forecast by at least 1 million bpd in October 2026?

closed deadline 2026-10-31

Posted 2026-09-12, stated before the outcome.

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The Organization of the Petroleum Exporting Countries (OPEC) regularly publishes monthly reports that include projections for global oil supply and demand. These forecasts are updated based on current market conditions and production data from member nations and non-member producers.

The claim

OPEC will revise its 2026 global oil supply forecast downward by at least 1 million barrels per day in its report published in October 2026.

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