OPEC leaves forecast for international oil demand progress in 2025 unchanged at 1.29 MBD

• Raises forecast for international oil demand progress in 2026 to 1.38 million bpd.
• Trims 2026 forecast for non-OPEC+ provide progress to 630,000 bpd (prior forecast 730,000 bpd).
• Expects decline of 100,000 bpd in US tight oil output subsequent 12 months.
• Crude output averaged 41.94 million bpd in July, up 335,000 bpd from June after OPEC+ output hike.

This text was written by Giuseppe Dellamotta at investinglive.com.