OPEC leaves 2025 and 2026 international oil demand forecasts unchanged

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Final 12 months OPEC overestimated international oil demand and that led to some volatility out there and turmoil at OPEC.

For now, they proceed to see 1.45 mbpd of demand development this 12 months and 1.43 mbpd subsequent 12 months. They’ve additionally left 2025 GDP development forecasts unchanged.

For January, output from OPEC+ averaged 40.62 mbpd, down 118Ok bpd from December.

This text was written by Adam Button at www.ubaidahsan.com.



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