The Organization of the Petroleum Exporting Countries stuck to its oil-demand forecast after reaffirming plans to gradually hike output from April, but said U.S. President Trump’s trade policy ...
In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.
MT Newswires on MSN4d
OPEC Maintains Oil Demand Growth Outlooks, Flags Rising Tariff UncertaintyThe Organization of the Petroleum Exporting Countries on Wednesday maintained its global oil demand projections for 2025 and 2026, while flagging mounting economic uncertainty amid trade tensions. The ...
OPEC still expects demand to grow by 1.45 million barrels a day this year and 1.43 million barrels a day the next, with strong air travel and road mobility boosting transportation fuel consumption.
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