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.
