VIENNA, Oct. 14 -- OPEC now expects the world to burn only 200,000 more barrels of oil a day this year than last, a seventh of the growth it forecast at the start of the year, and it has moved the missing demand into 2027.

The producers' group cut its 2026 demand-growth forecast to 0.2 million barrels a day from 0.4 million in its monthly report on Tuesday, TASS reported, putting total demand at 105.72 million barrels a day. The OECD economies are expected to shrink by about 0.2 million barrels a day, non-OECD countries to add 0.4 million. For 2027 it raised growth to 2.55 million barrels a day from 2.36 million, according to CGTN; TASS rounds the figure to 2.6 million.

Brent futures rose above $107 a barrel on Monday, their first time ...