OPEC has maintained its oil demand forecast despite concerns over U.S. President Trump’s trade policy. The group cited increased market uncertainty, with potential supply-demand imbalances leading to more volatility. OPEC also kept its global economic growth projections at above 3% for this year and 2026. The cartel warned that trade tensions may affect global oil demand. Trade uncertainties have raised inflation expectations above central banks’ targets, with the impact of U.S. trade policy on global growth still uncertain.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02OPEC has maintained its oil demand forecast,
00:04despite concerns over U.S. President Trump's trade policy.
00:07The group cited increased uncertainty in markets with potential supply demands
00:12in balances, leading to more volatility.
00:14OPEC also kept its global economic growth projections at above 3% for the year and 2026.
00:20The cartel warned that the trade tensions may affect global oil demands.
00:24Trade uncertainties have raised inflation expectations above
00:27central banks' target, with the impact of U.S. trade policy on global growth still uncertain.
00:31For all things money, visit Benzinga.com.