OPEC Monthly Report: Revises Down Oil Demand Projections for Current and Next Year
2025-04-15 / Read about 0 minute
Author:小编   

The global oil market has felt the ripple effects of Trump's tariff policies, prompting OPEC to adjust its outlook. The organization has downgraded its forecast for global oil demand growth by 100,000 barrels per day (Bpd) for both 2025 and 2026. Nonetheless, OPEC still anticipates an annual growth rate of 1.3 million Bpd. Amidst claims by Kazakhstan of regulating supply through negotiations, the country's production in March surged to 1.852 million Bpd, exceeding its agreed-upon quota by a significant 422,000 Bpd.