Crude oil all time high predictionsOPEC has revised its forecast for 2026 global oil demand growth, reducing it from 780,000 to 580,000 barrels per day. This adjustment, detailed in a copy of the organization’s monthly report, suggests a more subdued outlook for oil demand over the next few years. AdvertisementKey TakeawaysOPEC’s revised forecast appears to indicate a less optimistic outlook for oil demand in 2026, reducing expected growth by 200,000 barrels per day. Market pricing suggests that this adjustment is consistent with a decrease in the likelihood of crude oil prices reaching new all-time highs by key dates in 2026. The sub-market for crude oil reaching a new all-time high by September 30 has seen a slight decrease in the probability of a YES outcome, currently priced at 3.5%.