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OPEC Monthly Report: OPEC has lowered its forecast for global oil demand growth in 2026 to 580,000 barrels per day (previously 780,000 barrels per day).

2026-08-12

OPEC Monthly Report: OPEC has lowered its forecast for global oil demand growth in 2026 to 580,000 barrels per day (previously 780,000 barrels per day).

Other News
2026-08-12

Spot gold rose above $4,380/oz, up 0.28% on the day.

Spot gold rose above $4,380/oz, up 0.28% on the day.
2026-08-12

Nick Timiraos said July CPI roughly matched expectations, easing pressure for a Fed rate hike next month but leaving hawkish voices intact. He noted some Fed officials still expect inflation to drift back to 2% without further tightening, while other

Nick Timiraos said July CPI roughly matched expectations, easing pressure for a Fed rate hike next month but leaving hawkish voices intact. He noted some Fed officials still expect inflation to drift back to 2% without further tightening, while others now favor maintaining higher rates and could join a hawkish minority if incoming data undermines current projections. Officials attribute persistent inflation more to external shocks — tariffs, lingering Middle East energy risks — and a surge in AI-driven demand that is lifting tech-equipment and software prices, rather than overly loose policy, supporting the view that current rates may already be restrictive.
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