OPEC: maintains global oil demand growth forecast for 2025 at 1.29 million barrels per day.

OPEC Monthly Report: In July, OPEC+ crude oil production averaged 41.94 million barrels per day, an increase of 335,000 barrels per day from June. The expected global crude oil demand growth rate for 2025 is maintained at 1.29 million barrels per day, and the expected growth rate for 2026 is adjusted from 1.28 million barrels per day to 1.38 million barrels per day. It is expected that US tight oil production will decrease by 100,000 barrels per day next year. Second-hand data shows that Iran's crude oil production decreased by 12,000 barrels per day in July to 3.245 million barrels per day. OPEC's petroleum production in July increased by 263,000 barrels to reach 27.54 million barrels. The UAE's crude oil production in July increased by 109,000 barrels per day to 3.17 million barrels per day. Saudi Arabia's crude oil production in July increased by 170,000 barrels per day to 9.53 million barrels per day.