OPEC has revised down its outlook for global oil demand growth this year, citing ongoing disruptions in shipping linked to tensions involving Iran and its regional allies. The latest projection suggests demand will rise by about 200,000 barrels per day compared to 2025, marking a significant cut from earlier estimates. Analysts warn that geopolitical instability in key shipping routes continues to weigh on market expectations. The adjustment reflects broader concerns over supply chain vulnerabilities in an already volatile energy landscape.
The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast of global oil demand growth for this year, amid persistent risks to shipping from Iran and its proxy groups. The group projected Tuesday that oil demand for this year will grow by roughly 200,000 barrels per day relative to 2025, down from OPEC’s forecast...
