OPEC expects improved economic performance in H2 2025 to support oil demand, with high refinery intake driven by summer travel and resilient growth in key markets.
The Organization of the Petroleum Exporting Countries (OPEC) said Tuesday that the global economy could outperform earlier expectations in the second half of 2025, helping sustain oil demand despite trade tensions and market uncertainty.
In its monthly oil market report, OPEC maintained its forecasts for demand growth in both 2025 and 2026, citing robust economic activity in major emerging economies. “India, China, and Brazil are outperforming expectations so far, while the United States and the Eurozone are experiencing a continued rebound from last year,” the report noted.
OPEC added that high crude intake at refineries, driven by increased summer travel, would help maintain elevated demand levels.
Meanwhile, the broader OPEC+ group — which includes non-OPEC allies such as Russia — increased output by 349,000 barrels per day in June, bringing total production to 41.56 million bpd. This figure falls just short of the 411,000 bpd increase outlined in the group’s latest quotas.
The boost in production signals OPEC+'s effort to regain market share after prolonged output cuts aimed at supporting prices.
Iranian President Masoud Pezeshkian has accused the U.S. and Israel of seeking to foment internal divisions in Iran after failing to defeat the cou...
The war between Iran and the U.S. is creating a widening security challenge for Saudi Arabia, stretching from Yemen’s Red Sea coast to Iraq a...
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The European Union's decision to simultaneously advance accession talks with Ukraine, Moldova, Montenegro and Albania marks its most ambitious enlargement effort in more than two decades.
U.S. President Donald Trump has denied reports that he offered Iran sanctions relief and access to frozen funds in exchange for nuclear concessions.
Iranian President Masoud Pezeshkian has accused the U.S. and Israel of seeking to foment internal divisions in Iran after failing to defeat the country militarily, Iran's state news agency IRNA reported.
Ukrainian President Volodymyr Zelenskyy said on Monday that more than 8,000 North Korean troops are currently in Russia, with preparations under way to send another 10,000.
Russian strikes hit Kyiv and Ukraine’s Black Sea region of Odesa overnight into Tuesday, damaging infrastructure and civilian sites, while Moscow said it had also targeted vessels carrying military cargo.
The war between Iran and the U.S. is creating a widening security challenge for Saudi Arabia, stretching from Yemen’s Red Sea coast to Iraq as the Houthis emerge as a growing source of pressure on the kingdom.
North Korea has dismissed as a “farce” Seoul’s claim that Pyongyang was responsible for a landmine explosion south of the Military Demarcation Line that injured three South Korean soldiers.
Saudi Arabia and the United Arab Emirates have renewed high-level contact as a Houthi offensive in Yemen increases pressure on Riyadh and raises concerns over security around a crucial Red Sea shipping route.
The Spanish government has unveiled plans to extend protections against evictions until the end of 2030 as it seeks to address growing concerns over housing affordability and tenant security.
Here's your AnewZ Daily Brief for 30 September 2026. These are the top five stories making headlines in Europe.
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