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flag OPEC reduces forecast for non-OPEC+ oil supply growth, citing lower investment.

flag OPEC has lowered its forecast for oil supply growth from non-OPEC+ countries in 2025 by 100,000 barrels per day to 800,000 barrels, due to reduced capital spending. flag This adjustment is expected to help OPEC+ better balance the market, as US shale and other countries' rapid growth has previously depressed oil prices. flag Despite a 5% decline in investment in oil exploration outside OPEC+ in 2025, OPEC maintains its demand growth forecast at 1.3 million barrels per day for both 2025 and 2026.

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