Commodities
IMF Sees OPEC+ Oil Output Lift From July in Saudi Economic Boost
- Saudi economy set for faster 2025 pickup than earlier forecast
- IMF sees ‘full reversal’ of oil output curbs at start of 2025
This article is for subscribers only.
The International Monetary Fund expects OPEC and its partners to start increasing oil output gradually from July, a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year.
“We are assuming the full reversal of cuts is happening at the beginning of 2025,” Amine Mati, the lender’s mission chief to the kingdom, said in an interview in Washington, where the IMF and the World Bank are holding their spring meetings.