Beijing, China - July 13, 2026 (CCTV Video News Agency - No access Chinese mainland)
1. Screenshots of OPEC's monthly oil market report for July

FILE: Vienna, Austria - Date Unknown (CCTV - No access Chinese mainland)
2. Various of exterior of OPEC headquarters

FILE: Saudi Arabia - Date Unknown (CCTV - No access Chinese mainland)
3. Various of oil processing facilities
4. Gas flaring

FILE: Iraq - March 7, 2016 (CCTV - No access Chinese mainland)
5. Various of oil refineries

FILE: Edinburgh, UK - Date Unknown (CCTV - No access Chinese mainland)
6. Various of gas station, screen showing fuel prices
7. Various of people refueling vehicles

FILE: Japan - Date Unknown (CCTV - No access Chinese mainland)
8. Various of gas station, worker refueling car
9. Digital readout on gas pump showing increasing liters
10. Screens showing oil prices

Global oil demand is forecast to grow by 780,000 barrels per day (bpd) in 2026, according to a report released on Monday by the Organization of the Petroleum Exporting Countries (OPEC) which revised downwards its forecast from June.

In its June report, OPEC had forecast global oil demand growth of one million bpd for 2026.

Oil demand in non-OECD (Organization for Economic Cooperation and Development) countries is expected to take up the biggest share and grow by about 740,000 bpd in 2026.

In 2027, global oil demand is estimated to rise by 1.94 million bpd, representing an upward revision of about 200,000 bpd from OPEC's June forecast.

On the supply side, crude oil production by OPEC+ countries increased by about three million bpd month on month in June to average 36.28 million bpd, the report said. However, major producer Saudi Arabia reported lower oil production in June compared with a month ago.