Mumbai, April 15 -- Organization of the Petroleum Exporting Countries or OPEC stated in a latest monthly update that the global oil demand growth forecast for 2025 is revised down slightly to 1.3 mb/d, y-o-y. This minor adjustment is mainly due to received data for 1Q25 and the expected impact on oil demand given recently announced US tariffs. In the OECD, oil demand is expected to grow by 0.04 mb/d, while non-OECD demand is forecast to expand by almost 1.25 mb/d in 2025. The forecast for global oil demand growth in 2026 is revised down slightly to about 1.3 mb/d. The OECD is expected to grow by around 0.1 mb/d, y-o-y, in 2026, while demand in the non-OECD is forecast to increase by 1.2 mb/d, y-o-y, in 2026.
Non- Declaration of Cooperation...