OPEC Holds Oil-Demand View Steady But Expects Higher Supply From Rivals

Core Viewpoint - The Organization of the Petroleum Exporting Countries (OPEC) has maintained its oil-demand outlook while preparing to pause output increases in early 2026, but has slightly raised its supply forecast for this year [1] Group 1: Oil Demand Outlook - OPEC has left its oil-demand outlook unchanged, indicating stability in expected consumption levels [1] - The decision reflects confidence in the current market dynamics and demand trends [1] Group 2: Supply Forecast - OPEC has modestly increased its forecast for oil supply for the current year, suggesting a response to market conditions [1] - This adjustment may indicate an anticipation of higher production levels to meet demand [1] Group 3: Output Policy - The organization is preparing to pause output hikes in early 2026, signaling a strategic approach to managing production levels [1] - This pause may be aimed at balancing supply and demand in the oil market [1]