The Organization of the Petroleum Exporting Countries (OPEC) released its monthly oil market report on the 13th, lowering its previous forecast for global oil demand growth in 2026 and raising its forecast for global oil demand growth in 2027. The report states that the global average daily oil demand in 2026 will increase by 1.17 million barrels compared to 2025, reaching 106.33 million barrels, while OPEC's April report predicts a demand growth of 1.38 million barrels in 2026. The report also predicts that the global average daily oil demand in 2027 will increase by 1.54 million barrels compared to 2026, reaching 107.87 million barrels, while the April report predicts a demand growth of 1.34 million barrels in 2027. The report shows that the crude oil production of OPEC+in April 2026 was 33.19 million barrels per day, a decrease of 1.74 million barrels from March. OPEC+is a collaborative organization of oil producing countries composed of OPEC member countries and non OPEC oil producing countries such as Russia. (Looking into the New Era)