ENA Global 2025-06-17 15:18:32 <p><span style="font-size:14px"><strong>New Delhi, Jun 17 (KNN)</strong> The Organisation of the Petroleum Exporting Countries expressed confidence Monday that the global economy will demonstrate continued resilience through the remainder of 2025, despite mounting concerns over international trade disputes.</span></p> <p><span style="font-size:14px">The oil cartel simultaneously reduced its projection for crude supply growth from non-OPEC+ producers in 2026.</span></p> <p><span style="font-size:14px">OPEC maintained its previous forecasts for worldwide oil demand growth in both 2025 and 2026, following earlier downward revisions implemented in April.</span></p> <p><span style="font-size:14px">The organisation characterised the economic outlook as fundamentally sound, notwithstanding persistent trade-related uncertainties that continue to influence market sentiment.</span></p> <p><span style="font-size:14px">The cartel highlighted that global economic performance has exceeded expectations during the first six months of 2025.</span></p> <p><span style="font-size:14px">This robust foundation is projected to sustain positive momentum throughout the second half of the year, though OPEC anticipates a gradual moderation in growth rates on a quarterly basis moving forward.</span></p> <p><span style="font-size:14px">Regarding supply dynamics, OPEC revised downward its forecast for oil production increases from countries operating outside the Declaration of Cooperation framework, the formal designation for the OPEC+ alliance.</span></p> <p><span style="font-size:14px">The organisation now projects these non-member nations will add approximately 730,000 barrels per day to global supply in 2026, representing a reduction of 70,000 barrels per day from the previous month's estimate.</span></p> <p><span style="font-size:14px">This downward revision in non-OPEC+ supply growth could provide the broader alliance with enhanced flexibility in managing global oil market equilibrium.</span></p> <p><span style="font-size:14px">The OPEC+ group, which encompasses the traditional OPEC membership alongside Russia and other allied producers, has faced ongoing challenges from accelerated production growth in United States shale operations and other non-member countries, factors that have contributed to downward pressure on crude oil prices in recent years.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42476 https://knnindia.co.in/news/newsdetails/global/opec-expects-global-economy-to-stay-resilient-through-2025-despite-trade-tensions 2025-06-17 15:18:32 knnindia.co.in