OPEC Predicts Drop in Global Demand for OPEC+ Crude for Second Quarter
OPEC expects demand for its crude to fall by 400,000 barrels per day in the second quarter. Members will meet in March to decide on future production levels.
OPEC announced on February 11, 2026, that world demand for OPEC+ crude is forecast to decline by 400,000 barrels per day in the second quarter of the year compared with the first quarter. This projection, which remains unchanged from the forecast issued last month, is a primary factor informing production planning for the group. The announcement comes at a time when the organization has paused its scheduled output hikes amid efforts to maintain market balance.
