Ministers from OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC) have reaffirmed their commitment to maintaining a stable oil market and highlighted the need to safeguard international maritime routes for uninterrupted energy supplies.
The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its forecast for global oil demand growth in 2026 to 400,000 barrels per day, down from an estimate of 1.4 million barrels per day at the beginning of the year.
