OPEC holds liquids output forecast, trims Brazil GDP estimate

OPEC kept its global liquids production forecast unchanged while lowering its Brazil GDP estimate, signaling a modest downgrade to Brazilian growth expectations. Brazil's crude output rose 93,000 bpd month-on-month in September to 4.7 million bpd, a supply-side increase that may offset some demand concerns. The GDP revision suggests OPEC sees softer Brazilian economic momentum, which could weigh on regional energy demand.

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