... new tariffs on imports from several countries (including India and Canada) that did not conclude agreements, adding uncertainty. Nevertheless, the global summer travel season is driving high demand for gasoline and jet fuel in major economies (U.S., China, etc.). Leading analytical agencies project that global oil consumption will increase by approximately 1.2 million barrels per day in the second half of 2025, reflecting a sustained recovery in demand. OPEC+ Supply. The OPEC+ alliance continues ...

Few people can resist the allure of products from China. Alongside low-quality items, the country also offers a range of goods that are of quite decent quality. This includes not only electrical appliances, clothing, and consumer goods, but also equipment designed for small businesses and industrial ...

... introduction of new American tariffs. These moves alleviate concerns about a slowdown in the global economy and support global oil demand. The summer vacation and travel season also contribute to increased gasoline and jet fuel consumption in the U.S. and China. Major producers forecast additional growth in global oil consumption for the second half of the year of approximately 1.2–1.3 million barrels per day. OPEC+ Supply. The OPEC+ alliance is gradually increasing production after a period of constraints....

... pause before new U.S. tariffs ends). These moves alleviate concerns about a slowdown in the global economy and support global oil demand. Additionally, the summer vacation season is driving increased gasoline and jet fuel consumption in the U.S. and China. Major producers forecast that global oil consumption will rise by approximately 1.2 to 1.3 million barrels per day in the second half of 2025. OPEC+ Supply. The OPEC+ alliance is gradually increasing production after a period of restrictions. ...

... includes Germany's industrial production data, which will set the tone for Europe’s manufacturing outlook, and the Eurozone Investor Confidence Index, providing insight into market sentiment across Europe. In Asia, Japan’s leading economic index and China’s new yuan loans offer a glimpse into economic momentum, while U.S. consumer credit data will shed light on household spending trends. Stay informed as these events unfold and potentially influence global markets — all tracked by Open Oil Market!...