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OPEC Monthly Report: Maintains this year's oil demand growth forecast unchanged, cautiously starting to increase production in April.
OPEC maintains its forecast for Global oil demand growth in 2025 and 2026, cautiously starting to increase production in April.
Crude Oil Pulls Back After U.S. Inventories Post Surprise Rise, OPEC Issues Cautious Report
US Total Crude Oil Stocks Rebound in Week Ended May 9
OPEC monthly report: As oil prices fall, the growth of non-OPEC supply is expected to slow down in 2025.
According to the OPEC monthly report, oil supply from non-OPEC+ producing countries (including the USA) is expected to increase by about 0.8 million barrels per day in 2025, down from last month's forecast of 0.9 million barrels per day. Analysis suggests that the slowdown in non-OPEC+ supply growth will benefit OPEC+ in balancing the market.
OPEC Signals Cautious Optimism on Trade, Holds Oil Demand Forecast -- Update
Oil Falls on Trade Uncertainty, U.S. Weekly Inventory Prospects -- Market Talk