Amman, April 14 (Petra) – The Organization of the Petroleum Exporting Countries (OPEC) on Monday slightly reduced its forecast for global oil demand growth in 2025 due to the economic impact of tariffs imposed by U.S. President Donald Trump.

In its monthly report, OPEC revised its demand growth estimate to 1.3 million barrels per day, down from the previous forecast of 1.4 million barrels per day.

The organization attributed the "slight adjustment" primarily to first-quarter data and the expected impact of the recently announced U.S. tariffs on oil demand.

According to the updated forecast, OPEC expects global oil demand to reach 105.05 million barrels per day in 2025.

Oil prices fell below $60 per barrel last week, marking a four-year low amid concerns over the impact of Trump’s tariffs. However, prices rebounded on Monday, with Brent crude rising 1.3% to $65.62 per barrel.

//Petra// AF

14/04/2025 21:37:24