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    MarketForces Africa » MarketForces News » OPEC Downgrades 2025 Forecast for U.S. Oil

    OPEC Downgrades 2025 Forecast for U.S. Oil

    Olu AnisereBy Olu AnisereFebruary 12, 2025 News No Comments1 Min Read
    OPEC Downgrades 2025 Forecast for U.S. Oil
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    OPEC Downgrades 2025 Forecast for U.S. Oil

    OPEC has downgraded the forecast for the U.S. oil and condensate production in 2025 by 50,000 barrels per day. Now it expects an increase of 240,000 barrels per day to 13.47 million barrels per day, according to its new report released on Wednesday.

    According to the table for the report, the figure in 2024 averaged 13.23 million barrels per day, 290,000 barrels per day more than a year earlier. At the same time, in 2026, according to OPEC’s forecast, oil and condensate production in the U.S. would grow by 170,000 barrels per day in annual terms. An average of 13.64 million barrels per day is expected. #OPEC Downgrades 2025 Forecast for U.S. Oil#

    Nigerian Exchange Hits Historic High as Investors Gain N779bn

    OPEC U.S OIL
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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