# Opec forecasts balanced oil market by 2026

> Opec's monthly report projected that global oil supply will match demand in 2026, a shift from earlier forecasts of a deficit. Opec kept its 2025 and 2026 demand growth forecasts of about 1.3 million bpd and said the global economy remained resilient. The report showed a marginal surplus of about 20,000 bpd if Opec+ output stays at October's rate.

- Date: 2018-03-09 · published 2018-03-09T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/65937-opec-forecasts-balanced-oil-market-by-2026
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A projected balanced-to-surplus market limits the upside for crude prices, which supports lower energy costs for feed producers. The gap between Opec and other forecasters is narrowing, which reduces the chance of a sharp price move.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-01-21 | [Oil Market Report - January 2026 - IEA](https://feedsoft.ai/events/21236-oil-market-report-january-2026-iea.md) | +4.0% | +3.5% |
| BRENT | 2025-07-01 | [Oil Market Report - June 2025](https://feedsoft.ai/events/24391-oil-market-report-june-2025.md) | +4.2% | +3.8% |
| BRENT | 2024-12-11 | [OPEC makes fifth and biggest cut to 2024 oil demand growth forecast \| Reuters](https://feedsoft.ai/events/27123-opec-makes-fifth-and-biggest-cut-to-2024-oil-demand-growth-forecast-reuters.md) | +0.4% | +6.5% |
| BRENT | 2025-12-11 | [IEA lowers 2026 oil glut forecast for first time since May \| Reuters](https://feedsoft.ai/events/21664-iea-lowers-2026-oil-glut-forecast-for-first-time-since-may-reuters.md) | -4.0% | +2.5% |
| BRENT | 2018-10-11 | [OPEC says oil market well supplied, wary of 2019 surplus](https://feedsoft.ai/events/62457-opec-says-oil-market-well-supplied-wary-of-2019-surplus.md) | -4.2% | -14.8% |
| WTI | 2026-01-21 | [Oil Market Report - January 2026 - IEA](https://feedsoft.ai/events/21236-oil-market-report-january-2026-iea.md) | +3.1% | +8.2% |
| WTI | 2025-07-01 | [Oil Market Report - June 2025](https://feedsoft.ai/events/24391-oil-market-report-june-2025.md) | +4.3% | +2.3% |
| WTI | 2024-12-11 | [OPEC makes fifth and biggest cut to 2024 oil demand growth forecast \| Reuters](https://feedsoft.ai/events/27123-opec-makes-fifth-and-biggest-cut-to-2024-oil-demand-growth-forecast-reuters.md) | +2.1% | +7.6% |

## Sources

- tradearabia.com: https://www.tradearabia.com/News/330396/Opec-forecasts-balanced-oil-market-by-2026

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.