Energy news for October 12, 2026
October 12, 2026 · 4 stories
4 stories from across markets and policy. The day led with OPEC cuts 2026 oil demand growth forecast to 400,000 bbl/d.
Markets
OPEC cuts 2026 oil demand growth forecast to 400,000 bbl/d
OPEC now sees 2026 demand rising by 400,000 barrels per day, down from its initial 1.4 million, with some of the shortfall expected to move into 2027.
Upstream
Central European Petroleum finds 200 mmboe oil field in the Polish Baltic
The Wolin East 1 well struck 33.4 API oil in the Baltic Sea off Swinoujscie, in what CEP calls the largest conventional field found in Poland.
Policy
DOE emergency order lets PJM dispatch units and backup generation through Oct. 16
Energy Secretary Chris Wright ordered PJM to run specified units and tap backup generation as a last resort ahead of EEA 3, effective October 13 to 16.
Power
Magnora's AGV moves into South African data center power
African Green Ventures will pair renewable power and battery storage to supply data centers through behind-the-meter deals.
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