The organisation has raised its long-term outlook, driven by increased consumption in developing nations, and sees no ...

OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its ...

OPEC has reportedly reduced its 2024 global oil demand growth forecast for the fifth consecutive month, marking the largest cut so far. OPEC now expects demand to rise by 1.61mbbl/d, down from the ...

In a monthly report, OPEC said it expects 2024 global oil demand to rise by 1.61 million barrels per day (bpd), down from 1.82 million bpd last month. OPEC also cut its 2025 growth estimate to 1. ...

OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and ...

OPEC lowers oil demand growth forecast, prolongs production curbs. ... OPEC cuts forecast of oil-demand growth for 2024, 2025. Dec. 11, 2024 8:23 AM ET Brent Futures (CO1:COM) ...

The proof is OPEC+'s cutting its forecast for non-OPEC supply growth in both 2025 and 2026 by 100,000 b/d to 800,000 b/d against an OPEC+'s projected global demand growth of 1.3 million barrel a ...

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 ...

Saudi-led Opec cuts oil demand forecast, warns tariffs threaten growth. Opec report says world demand to rise by 1.30 million barrels per day in 2025 and by 1.28 million bpd in 2026 ...

International-Business News: Paris: Opec (Organisation of the Petroleum Exporting Countries) slightly lowered its forecast for oil demand growth on Monday, citing the impact of US.

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.