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flag OPEC+ cuts supply shortfall forecast for 2026 to 50,000 bpd amid rising output and strong demand.

flag OPEC+ has revised its 2026 oil outlook, projecting a much smaller supply deficit—just 50,000 barrels per day—due to increased production and strong global demand, up from a previous 700,000 bpd shortfall. flag The group raised output by 630,000 bpd in September to 43.05 million bpd, accelerating the unwind of previous cuts. flag While OPEC maintains demand growth forecasts of 1.3 million bpd in 2025 and 1.38 million bpd in 2026, analysts and the IEA warn of potential oversupply, with some predicting a surplus of up to 3.3 million bpd in 2026. flag Despite rising output from OPEC+, the U.S., Brazil, and Guyana, prices held near $63 a barrel amid mixed signals on market balance.

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