
OPEC kept its 2026 global oil demand growth forecast unchanged at 200,000 b/d in its November report, after six consecutive downward revisions. It projects 2026 demand at 105.72 million b/d and 2027 growth of 2.6 million b/d.
OPEC+ crude production rose 2.04 million b/d in October.
A stable demand outlook gives no new signal on energy costs for feed buyers. Ongoing supply recovery is the stronger driver of crude and diesel prices.
After 41 past neutral report events, Crude Oil (Brent) moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.