RiyadhOil exporters cut 2026 demand growth by 1 million barrels a day.
The Organization of Petroleum Exporting Countries expects the missing demand back in 2027, at 1.7 million barrels a day.
Hormuz traffic averaged 2.7 ships a day to 4 October, 38% below normal, and Brent stood at $105.50 on 9 October.
Polymarket traders give Hormuz traffic a 14% chance of normalising by 31 December, down 6 points in a week.
How each outlet framed it
- Reuters
- TASS
- reports OPEC's 2026 demand growth cut from 1.4 to 0.4 mln bpd, with the gap deferred into a 1.7 mln bpd 2027 rebound