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OPEC Maintains Oil-Demand Growth Forecasts Amid Tariff Uncertainty
Key Takeaways The Organization of the Petroleum Exporting Countries (OPEC) said Wednesday that it is maintaining its oil production and economic growth outlook for 2025 and 2026. The cartel said it expects oil demand to grow by 1.4 million barrels a day this year and in 2026, and that it plans to increase production starting next month. Uncertainty arising from the Trump administration’s tariff…
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InvestTalk - 9-27-2022 — Could An Oil Supply Shock Be Imminent?
Despite these obstacles, the demand for oil has remained strong, and earlier this year, prices over $100 per barrel were unable to significantly reduce it.
InvestTalk - 2-12-2024 – Have Oil Prices Peaked Yet?
One trader claims that people "overly" focus on "downside risks" related to supply from China and the US and ignore possible positive demand developments.
