Mumbai, April 23 -- International Monetary Fund or IMF has stated that Crude oil prices declined 9.7 percent between August 2024 and March 2025 as trade war fears, strong non-OPEC+ supply growth, and the unwinding of OPEC+ cuts more than offset lingering supply risks. Oil prices then plummeted in early April amid escalating trade tensions, adding to an already-bearish outlook. This latest catalyst compounded weak fundamentals, with supply growth expected to likely outpace tepid global demand growth through 2025 and 2026. Demand concerns were exacerbated by sluggish Chinese demand, partly dented by the rising penetration of electric vehicles (EVs). In this context, OPEC+ policy will be pivotal: Facing pressure to roll back its deep and susta...