OPEC has slightly revised his forecasts for increasing oil demand in 2025, mainly due to US customs duties, according to his monthly report published today. The international organization is now expecting that global oil demand for oil will increase by average by 1.3 million barrels a day (MB/D) this year, instead of 1.4 MB/D which was predicted in March and totaling 105.05 million barrels a day. “This small adjustment is mainly due to the data obtained for the first quarter of 2025 and the expected impact on oil demand, given recently US duties,” said OPEC, who revises his forecasts on a monthly basis based on financial conditions. Demand for “black gold” had increased to 103.75 MB/D in 2024. After increasing global demand by 1.3 MB/D in the first trimester, OPEC expects a slowdown in the second trimester to 1.1 […]
Source: News Beast
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