OPEC Lowers 2025 Oil Demand Forecast on Trade Tensions ...Middle East

?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 million barrels per day (bpd) for 2025, down 150,000 bpd from its previous projection. Similarly, the 2026 forecast has been adjusted downward to 1.28 million bpd.  OPEC's latest report highlights that Trump’s tariff war has dampened economic activity, leading to a more cautious outlook on oil consumption. The organization also revised its…

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