OPEC also lowered its global economic growth forecast to 3% and 3.1% for 2025 and 2026, respectively, taking both estimates down 0.1 percentage point from its prior outlook.

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 announced by the United ...

The Organization of the Petroleum Exporting Countries cut its forecast for oil demand growth just days after boosting output, citing the impact of U.S. tariffs. OPEC now expects demand to rise by ...

As a result, OPEC said demand for its crude was expected to average 32.0 million bpd in 2008, just 50,000 bpd less than the previous forecast, but lower than the group's production in August of 32 ...

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 ...