OPEC, Maintains Oil-Demand Growth Forecasts

OPEC Sticks to Oil-Demand View Ahead of Output Hike
The cartel still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, bolstered by strong air travel demand and road mobility.
Goldman lowers oil price views on slower demand growth, higher OPEC+ supply
Goldman Sachs has lowered its December 2025 and average 2026 forecasts for Brent and WTI crude oil prices, citing slower oil demand growth prospects and expectations of higher OPEC+ supply, it said in a note dated on Sunday.
OPEC Maintains Oil-Demand Growth Forecasts Amid Tariff Uncertainty
The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and overall economic expansion over the next two years.
Oil Demand Threatened by Trade War, Tariffs: IEA
You and the team write that macro conditions that underpin our oil demand projections deteriorated over the past month as trade tensions escalated. What is your estimation in just how harmful some of the tariffs,
IEA’s hard line on oil glut clashes with Opec forecast
The International Energy Agency (IEA) has said US tariffs will contribute to a decline in global oil demand growth this year, once again contrasting with Opec’s more optimistic forecast. In a monthly report published on Thursday the IEA forecast that oil demand would grow by 1 million barrels per day (bpd) in 2025,
Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans ...
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Wall Street braces for oil in US$60s range on tariff, OPEC+ risks
Oil’s retreat has been cheered by US President Donald Trump and offers relief for consumers and central banks following years ...
Oil prices fall as OPEC nations raise production
Oil-exporting states have been under pressure from US President Donald Trump to slash prices, though analysts have said the ...
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OPEC Demands Consistency After Another IEA U-Turn
OPEC criticizes the IEA's inconsistent messages regarding oil and gas investment, highlighting a recent "U-turn" from ...
Oil Prices Slide on Jitters Over Trump’s Tariffs and OPEC Increases
The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump ...
OPEC+ will start long-delayed oil production hike
A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries ...
Kazakhstan was the main laggard in OPEC+ oil pact in February, OPEC data shows
Kazakhstan contributed more than a half of overall OPEC+ oil production rise in February, lagging behind its pledges to ...
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Wall Street braces for oil in $60s range on tariff, OPEC+ risks
Goldman Sachs Group joined fellow banks Monday in cutting oil price forecasts as Wall Street increasingly sees a home for ...
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Goldman Sachs Revises Oil Price Forecasts Amid Global Supply Surge and Economic Slowdown
Goldman Sachs has adjusted its oil price forecasts, citing a confluence of factors including escalating global supply and a decelerating U.S. economy. The investment bank now projects Brent crude to ...
Nigeria will be able to meet OPEC output target, state oil company exec says
After years of underperforming OPEC quotas, Nigeria met its OPEC targets in January, said Udobong Ntia, NNPC's executive vice ...