LONDON (Reuters) -OPEC cut its 2025 global oil demand growth forecast on Monday for the first ... to unwind its most recent layer of oil output cuts, which were put in place to support the market.

Despite slower growth, global oil demand is expected to rise by 1.3 million bpd in both 2025 and 2026, unchanged from OPEC's previous forecast. Lower upstream spending amid falling oil prices is ...

The Organization of the Petroleum Exporting Countries (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 ...

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 ...

Haitham al-Ghais, the Secretary-General of the Organization of Petroleum Exporting Countries, said Tuesday at the Global ...

Paris: Opec (Organisation of the Petroleum Exporting Countries) slightly lowered its forecast for oil demand growth on Monday, citing the impact of US tariffs on the world economy. The Saudi-led ...

OPEC+ includes OPEC members and allies such as Russia. They began their current round of output increases in April. While the eight are raising supply, some of them are being asked to temper those ...

There's no peak in global oil demand on the horizon and it will take trillions in investment in the coming decades to meet ...

In April, when the group announced the first front-loaded increase, sources said the focus was on countries like Kazakhstan ...

The Organization of the Petroleum Exporting Countries, or OPEC ... cartel had forecast growth of 1.45 mbd this year and 1.43 mbd in 2026. The revised forecasts put world oil demand at 105.05 ...