New Delhi, July 18 -- In a latest report released by OPEC (Organization of the Petroleum Exporting Countries), there are some positive signs about the performance of the global economy in the second half of 2025.
OPEC is a leading body overseeing the coordination between major oil-producing and oil-dependent countries. This organization believes in the unification and coordination of petroleum policies among the member countries to achieve stable pricing of petroleum products with an efficient supply system.
In its latest monthly report, OPEC highlighted that a boost in crude consumption by refineries is expected to drive the demand factor globally. After forecasting a download revision in April 2025, the recent report infuses optimism in...