Forex
globalreutersFebruary 12, 20251 Mins read
OPEC leaves 2025 and 2026 global oil demand forecasts unchanged
globalreutersFebruary 12, 20251 Mins read Last year OPEC overestimated global oil demand and that led to some volatility in the market and turmoil at OPEC.
For now, they continue to see 1.45 mbpd of demand growth this year and 1.43 mbpd next year. They’ve also left 2025 GDP growth forecasts unchanged.
For January, output from OPEC+ averaged 40.62 mbpd, down 118K bpd from December.
This article was written by Adam Button at www.forexlive.com.
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