OPEC has reportedly reduced its 2024 global oil demand growth forecast for the fifth consecutive month, marking the largest cut so far. OPEC now expects demand to rise by 1.61mbbl/d, down from the ...

OPEC cut its 2024 global oil demand growth forecast for a fifth straight month on Wednesday and by the largest amount yet, a series of downgrades that highlights China's sputtering role as the ...

OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other regions, marking the producer group's fourth consecutive downward ...

OPEC said this year's demand growth was still above the historical average of 1.4 million bpd seen prior to the COVID-19 pandemic in 2019, which caused a plunge in oil use, and that summer travel ...

OPEC also slashed its forecast of global oil demand growth for 2025, lowering the expected growth by 102,000 bpd to 1.6 million bpd. Total global oil demand is thus expected to average 105.8 ...

OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use. Global oil consumption will ...

In its closely watched monthly market report, the Organization of the Petroleum Exporting Countries cut its forecasts for global oil demand this year by 260,000 barrels to 100.03 million barrels a ...

The Organization of the Petroleum Exporting Countries, or OPEC, on Tuesday lowered its forecast for 2022 growth in oil demand to 3.7 million barrels a day, down 500,000 barrels a day from its ...

OPEC lowers oil demand growth forecast, prolongs production curbs. Skip to content. ... @Orion1963 Let them get more oil but cut of the phone line LOL. Reply. Like (1) darnoc111. 11 Dec. 2024.

OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a slowdown in top consumer China. Global oil consumption will increase by ...

OPEC cuts world economic growth estimate to 3.5% from 3.9% last month. OPEC now sees growth of 3.36 million bpd in 2022 compared to 2021. OPEC: Demand in 2022 is expected to be impacted by ongoing ...