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OPEC Cuts Oil Demand Growth Forecasts

Mint Bangalore

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April 15, 2025

OPEC cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for the first quarter and trade tariffs announced by the US.

- Reuters

The Organization of the Petroleum Exporting Countries (OPEC), in a monthly report, said world oil demand would rise by 1.30 million barrels per day in 2025 and by 1.28 million bpd in 2026.

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