OPEC cuts forecasts for growth in oil demand, citing tariffs

OPEC now sees global demand growing by 1.3 million barrels a day, or mbd, in 2025 and by 1.28 mbd in 2026. In March, the cartel had forecast growth of 1.45 mbd this year and 1.43 mbd in 2026. Read More

OPEC cuts oil demand forecast, sees growing economic uncertainty on Trump trade war - NBC New York

OPEC on Monday cut its oil demand growth forecast for 2025 and 2026 as President Donald Trump's tariffs weigh on global economic growth. The cartel now sees demand for crude growing by 1.3 million ... Read More

OPEC Lowers 2025 Oil Demand Forecast on Trade Tensions

OPEC has revised its global oil demand growth forecast for 2025, citing escalating trade tensions and weaker-than-expected economic indicators. The cartel now anticipates a demand increase of 1.3 ... Read More

Oil prices rise as OPEC cuts demand forecasts; will the gains last? - MSN

Even with steep production cuts by OPEC and its allies, crude oil has struggled to sustain gains. Prices have been largely trading in a narrow range $70-$75 per barrel over the past few months. Read More

OPEC Again Lowers 2024, 2025 Global Oil Demand Growth View - U.S. News

On Tuesday, OPEC in a monthly report said world oil demand will rise by 2.03 million barrels per day (bpd) in 2024, down from growth of 2.11 million bpd expected last month. Read More

OPEC cuts global oil demand growth forecasts, citing US tariffs

LONDON (Reuters) -OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for the first quarter and trade tariffs ... Read More

OPEC Cuts Global Oil Demand Growth Forecasts, Citing US Tariffs - U.S. News

US News is a recognized ... -OPEC cut its 2025 global oil demand growth forecast on Monday for the ... OPEC lowered its world economic growth forecast this year to 3.0% from 3.1% and reduced ... Read More

OPEC cuts global oil demand growth forecasts over US tariffs - MSN

The Organisation of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy.A report by Reuters quoting ... Read More

OPEC cuts oil demand forecast, sees growing economic uncertainty on Trump trade war - NBC Bay Area

OPEC on Monday cut its oil demand growth forecast for 2025 and 2026 as President Donald Trump's tariffs weigh on global economic growth. The cartel now sees demand for crude growing by 1.3 million ... Read More

OPEC cuts oil demand forecast, sees growing economic uncertainty on Trump trade war - NBC10 Philadelphia

OPEC on Monday cut its oil demand growth forecast for 2025 and 2026 as President Donald Trump's tariffs weigh on global economic growth. The cartel now sees demand for crude growing by 1.3 million ... Read More

Opec cuts global oil demand growth forecasts, citing US tariffs - MSN

UPDATE 1-OPEC cuts global oil demand growth forecasts, ... increased production further in March by 37,000 bpd, ... Opec said world oil demand would rise by 1.30 million barrels per day in 2025 ... Read More