May 2, 2025

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Ademola Adeyemi-Bero

OPEC Revises Forecasts and Cadre: Decline in Global Oil Demand Expected

OPEC has revised its expectations for global oil demand in 2024 and 2025 downwards for the fifth time in a row. At the same time, the organization is celebrating the eighth anniversary of the “Declaration of Cooperation” and appointing new leaders.