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OPEC kept its outlook for the oil market unchanged as the group and its allies continue to add barrels to the global market.

Global oil demand will grow by 1.3 million barrels a day this year and by 1.4 million in 2026, the same as previously forecast, the Organization of the Petroleum Exporting Countries said in its monthly market report on Monday.

OPEC+ — representing the group and its allies — is adding barrels to a global market that’s expected to be in surplus next year. The group increased output by 630,000 barrels a day in September, according to the report, citing information from secondary sources.

Brent oil futures have slumped 18% in the past year, with a big part of the drop coming since Apri

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