Commodities Buzz: Global economy sees encouraging momentum, says OPEC
Mumbai, July 13 -- OPEC stated in its latest monthly Oil Market Report that the global economy entered 2Q26 with encouraging momentum, following a resilient and broadly steady performance in 1Q26. Growth remained supported by robust activity in non-OECD Asia, solid expansion in the US, and steady trends in several other major economies. A key positive factor has been the continued strength of investment linked to AI, which is supporting capital expenditure, high-value manufacturing, semiconductor-related trade and productivity-oriented business spending. Similarly positive, industrial production has held up well across many major economies, indicating a firm global manufacturing backdrop, while global trade has continued to expand in both v...
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