In its latest monthly oil market report, OPEC has revised its global oil demand growth projections downward for the fifth consecutive time, reflecting a cautious outlook on energy markets as economic and geopolitical challenges persist. The group reduced its 2025 demand growth estimate by 90,000 barrels per day (b/d) to 1.45 million b/d, citing weaker expectations for the Middle East. This marks a significant shift from the previous year when...

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