The Organization of Petroleum Exporting Countries (OPEC) has released its latest Monthly Oil Market Report (MOMR) that covers major issues affecting global oil markets and provides the outlook for crude oil market developments. OPEC has reiterated its earlier forecast that global oil demand will expand at a robust clip at 1.
4 mb/d in 2025, largely driven by strong non-OECD (Organization for Economic Co-operation and Development) growth. OPEC sees non-OECD demand growth clocking in at 1.3 mb/d, compared with just 0.1 mb/d for the 38-member…OPEC Projects Robust Oil Demand Growth For 2025 And 2026
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