Event Brief
Oil struggles as IEA warns volatility; OPEC cuts forecast
Filed: May 13, 2026 at 10:00 PM ET
Summary: OPEC cut its 2026 demand growth estimate while the IEA warned of greater volatility ahead.
WHO: OPEC
WHAT: OPEC reduced its 2026 oil demand growth forecast to about 1.2 million barrels per day
WHEN: May 13, 2026 at 9:51 PM ET
WHERE: Location not specified
WHY: The IEA flagged greater volatility ahead.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
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