Global World News Opec Cuts 2025 Global Oil Demand Growth Forecast, Citing Us Tariffs
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OPEC Remains Upbeat on Global Oil Demand Growth
OPEC has kept its global oil demand growth forecasts unchanged for 2025 and 2026, expecting continued robust economic growth to drive demand. The cartel anticipates global oil demand to reach an ... Read More
Oil demand set to peak by 2029, major supply glut looms, IEA says
Global oil demand will peak by 2029 and begin to contract the following year while the U.S. and other non-OPEC countries add to supply, the International Energy Agency said on Wednesday, resulting in ... Read More
OPEC maintains forecast for global oil demand growth in 2025-2026
In 2026, OPEC projects that oil demand will rise by an additional 1.4 mln bpd to 106.5 mln bpd MOSCOW, October 13. /TASS/. Global oil demand in 2025 is expected to increase by 1.3 mln barrels per day ... Read More
Ample supply, subdued demand to curb oil prices despite geopolitical risks - Reuters poll
Analysts are holding their oil price forecasts largely unchanged as rising OPEC+ output targets and lacklustre demand offset geopolitical risks to supply, a Reuters poll showed on Friday. Read More
Oil Demand Resilience Shines in OPEC's Latest Market View
OPEC’s latest Monthly Oil Market Report offered a steady and confident tone, keeping its global demand growth forecasts unchanged for both 2025 and 2026. The cartel continues to expect demand to rise ... Read More
OPEC Sticks to Oil Demand Forecast But Flags Fiscal Concerns, Lingering Trade Uncertainty
The Organization of the Petroleum Exporting Countries left its oil-demand forecasts steady as it works to revive more production, but pointed to fiscal concerns and persistent trade uncertainties. The ... Read More
OPEC Plus Signals Cautious Approach to Oil Production
Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply. Read More
Commodities Buzz: OPEC says Global crude oil demand to grow at 1.3 million barrels per day in 2025
Mumbai, Oct. 14 -- OPEC stated in a latest monthly update for October that the global oil demand growth forecast for 2025 remains at around 1.3 mb/d, y-o-y, unchanged from last month's assessment. In ... Read More
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