OPEC Lowers Oil Demand Growth Forecast
The Organization of the Petroleum Exporting Countries (OPEC) has revised its forecast for oil demand growth, attributing the change to the impact of tariffs imposed by the administration of President Donald Trump. In a report released on Monday, OPEC indicated that it now expects global oil demand to increase by 1.3 million barrels per day by 2025. This is a slight decrease from its previous estimate, which projected a growth of 1.4 million barrels per day.
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The post is mostly accurate, as OPEC did lower its oil demand growth forecast due to U.S. tariffs. However, it incorrectly states the revised figure as a projection for 2025 rather than the current year, which may lead to confusion about the timeline.
- OPEC cuts global oil demand growth forecasts, citing US tariffs
- OPEC Cuts Oil Demand Outlook Amid U.S. Tariff Hit Despite Output ...
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