16 July 2025 | Oil

OPEC maintains oil demand forecast as global economy shows resilience

OPEC maintains oil demand forecast as global economy shows resilience

OPEC has kept its oil demand growth projections for 2025–2026 unchanged, anticipating a stronger global economy in the second half of the year despite ongoing trade tensions. The organization noted that robust refinery activity to meet seasonal travel demand should continue supporting fuel prices.

In its latest report, OPEC highlighted that India, China, and Brazil are outperforming economic expectations, while the US and eurozone sustain their recovery. This economic strength could enable OPEC+ to gradually restore oil production after years of output cuts. According to Investing.com, the alliance recently agreed to boost production by 548,000 barrels per day beginning in August.

Despite this supply increase, oil prices have remained stable near $69 per barrel as seasonal demand growth has offset downward pressure, analysts note.

Elena Dorokhina MarketCheese
Period: 21.09.2026 Expectation: 2100 pips
Go short on USDCAD as dollar index hits three-month lows
Today at 10:55 AM 3
Period: 28.08.2026 Expectation: 1002 pips
GBPUSD is likely to climb further next week
Today at 10:07 AM 9
Period: 21.09.2026 Expectation: 950 pips
Buying AUDCAD up to 0.99250
Today at 08:29 AM 6
Period: 28.08.2026 Expectation: 540 pips
Brent crude is coming close to July highs
Today at 07:47 AM 8
Period: 03.09.2026 Expectation: 95 pips
Invest in SPX up to $7,815
Yesterday at 09:49 AM 69
Gold buy
Period: 20.09.2026 Expectation: 400 pips
Buying gold amid dollar sell-off
Yesterday at 09:49 AM 67
Go to forecasts