OPEC Maintains Oil-Demand Growth Forecasts Amid Tariff Uncertainty | Global News Avenue

this Organization of the Petroleum Exporting Countries (OPEC) On Wednesday, it affirmed its oil demand and overall oil demand growth prospects Economic growth In the next two years.

this Cartel It said it is maintaining a 1.4 million barrels per day demand growth forecast for 2025 and 2026, and said it expects the global economy to grow 3.1% this year and 3.2% next year. The organization said it has seen Air travel and the automotive industry.

OPEC said earlier this month that its member states agreed to continue their plans Increase oil production Starting from April 1, we finally hope to increase production by 2.2 million barrels per day.

Global economy “expects to adapt” to tariffs, trade disputes

“Though trade challenges and potential developments and potential developments in geopolitical dynamics, this forecast remains unchanged from the previous (monthly oil market report),” OPEC said in its monthly report in March. “Trade issues are expected to lead to volatility,” he said. Trade Policy Continue to make public. However, the global economy is expected to adapt. ”

The group said it is monitoring the impact of the Trump administration’s various tariff proposals on the global economy.

“(i) Still remains to be seen how and to what extent tariffs and other policy measures are likely to be taken,” the report said. “So far, they are not expected to have a significant impact on the current potential growth assumption, but rather the uncertainty that may rise further and the potential scope and significance of the uncertainty tariff Other policy measures will require close monitoring. ”

The organization predicts that the industrial sectors in the United States, Mexico and Canada may face “significant challenges to adapt to tariffs” and have “potentially important” negative effects in the near term. Uncertainty arising from tariff situations may also be true Consumer spendingaccording to OPEC.