OPEC News

OPEC Optimistic: Global GDP Growth to Hit 3.1% by 2025 Amid Economic Shifts

OPEC forecasts global GDP growth to reach 3.1% by 2025, with significant contributions from the US, India, and China. Economic expansion is contingent on falling inflation and caut...

OPEC Maintains Steady Oil Demand Outlook for 2025 Amid Global Economic Shifts

OPEC maintains its global oil demand growth forecast for 2025 at 1.4 million barrels per day, driven by strong air travel, road mobility, and industrial activities in non-OECD coun...

OPEC Stands Firm on 2024 Global GDP Forecast: A Detailed Outlook

OPEC maintains its 2024 global GDP forecast at 3.1%, unchanged from previous predictions. The US, Eurozone, China, and Russia's economic growth forecasts are also discussed, showin...

OPEC Lowers Global Oil Demand Growth Forecast Amid Uncertainty

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...