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OPEC Adjusts 2025 Oil Demand Forecast Downward to 1.3M bpd Amid Global Economic Shifts

Jessica Bennett 14 Apr, 2025

OPEC lowers its 2025 global oil demand growth forecast to 1.3 million bpd due to Q1 data and U.S. tariffs, with OECD and non-OECD countries seeing adjusted growth rates.

Economy

OPEC Lowers Global Oil Demand Growth Forecast Amid Uncertainty

Michael Lee 12 Dec, 2024

OPEC has revised its global oil demand growth forecast for 2024 to 1.6 million barrels per day, down from 1.8 million. Total world oil demand is expected to reach 105.5 million bar...