OPEC maintained its forecasts for oil supply and demand, as well as global economic growth, in a report released this Wednesday, the 11th. The data predates the US and Israeli attacks on Iran on February 28th. The monthly report shows that Iran and other regional producers increased output in February compared to January, with Iran extracting nearly 3.2 million barrels per day. Despite geopolitical tensions in the Middle East and Eastern Europe, OPEC expects economic growth to remain steady at 3.1% in 2026 and 3.2% in 2027, supported by strong performance in the US, China, and India. Oil consumption forecasts remain at 106.5 million barrels per day for 2026 and 107.8 million for 2027, driven by transport fuels and industrial activity in non-OECD countries.