OPEC MOMR (Sep): 2026 demand trimmed, 2027 demand modestly increased; supply forecasts modestly increased

Newsquawk StaffPublished 10 Sept 2026, 12:20 UTCOn the live feed at 12:00 UTC — 9 more headlines followed before this page went public

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12:05

Elevance (ELV) says Q3 adj. EPS is tracking positively of prior outlook through July and August driven by favourable benefit expense performance and broad operating execution

12:04

[MARKET UPDATE]: Crude rallies, weighing on stocks and T-notes, supporting the dollar on little fresh news but does follow Iranian media echoing earlier reports about Houthis and Bab al-Mandab Strait

12:00

OPEC MOMR (Sep): 2026 demand trimmed, 2027 demand modestly increased; supply forecasts modestly increased

11:52

Yemeni Houthis are on the verge of complete control over the Bab al-Mandab Strait with control over the city of "Al-Mukha", IRNA reports

11:45

[PREVIEW]: ECB Policy Announcement due on 10th September 2026.

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World Oil Demand:

Global oil demand is forecast to grow by 0.4mln BPD Y/Y (prev. 0.6mln BPD Y/Y) in 2026; global oil demand in 2027 is forecast to grow by about 2.4mln BPD (prev. 2.2mln Y/Y BPD)

World Oil Supply:

In August, crude oil production by countries participating in the DoC increased by 0.3mln BPD M/M to average about 38.05mln BPD (vs average of 37.7mln BPD in June), according to available secondary sources.
Non-DoC liquids production (i.e. liquids production from countries not participating in the DoC) is forecast to expand by about 0.6mln BPD Y/Y in 2026 and 2027, both unchanged from the prior month’s assessment.
This growth will mainly be driven by Qatar, Canada, Brazil, and Argentina.

Balance of Supply and Demand:

The demand for DoC crude (i.e., crude from countries participating in the DoC) in 2026 is revised up from last month’s assessment to 42.2mln (prev. 42.1mln BPD), 0.4mln BPD lower than the 2025 level.
The demand for DoC crude in 2027 is revised up from the previous month’s assessment to stand at 43.9mln BPD (prev. 43.6mln BPD), which is about 1.6mln BPD above the 2026 forecast.

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