OPEC Cuts 2025 Oil Demand Forecast

The Organization of the Petroleum Exporting Countries (OPEC) has lowered its 2025 global oil demand growth forecast, citing recent U.S. tariff announcements and weaker-than-expected data from the first quarter.

French Finance Minister Alain Lombard has praised U.S. President Donald Trump’s decision to suspend several planned import tariffs, describing the move as a signal of Washington’s willingness to return to the negotiating table with key allies, including the European Union.

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