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OPEC Maintains Oil-Demand Growth Forecasts Amid Tariff Uncertainty

1. OPEC maintains 2025-2026 oil demand growth forecast of 1.4 million barrels per day. 2. The global economy is projected to grow by 3.1% this year. 3. OPEC plans to increase oil production by 2.2 million barrels per day from April. 4. Trade uncertainties may cause volatility but are not expected to impact growth projections. 5. The industrial sector in North America faces challenges from tariffs affecting consumer spending.

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FAQ

Why Bullish?

OPEC's strong demand forecast and production increase suggest higher oil prices ahead.

How important is it?

OPEC's production and demand forecasts significantly affect oil prices and related ETFs.

Why Short Term?

Immediate effects expected from OPEC's production adjustments; tariff impacts are longer-term.

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