In its monthly report, the Organization of the Petroleum Exporting Countries (OPEC) kept its estimates for global economic growth unchanged at 2.9 percent for 2025 and 3.1 percent for 2026, despite geopolitical challenges and high interest rates.
According to the organization, the global economy could perform better than expected in the second half of the current year, despite trade disputes. It indicated that crude‑oil refinery intake will remain high to keep pace with increased summer travel, supporting demand projections. OPEC also maintained its forecast for growth in global oil demand at 1.3 million barrels per day for both 2025 and 2026, supported by a recovery in industrial activity and transportation in emerging markets, especially in Asia.
Source (Al Arabiya.Net Website, Edited)