Why OPEC is downgrading its demand forecast for the 3rd time in 3 months
​OPEC is now forecasting that demand for oil will grow more slowly than it had previously expected for the rest of this year and for 2025. It’s the third time in as many months that the Organization of the Petroleum Exporting Countries has downgraded its forecast.
OPEC lowered its global oil demand growth forecast for 2024, citing economic challenges and a shift towards cleaner fuels.
Oil prices declined about 2% on Monday, wiping out all of last week's gains, after China oil imports fell for the fifth month ...
In its monthly report, published earlier Monday, OPEC said world oil demand will rise by 1.93 million barrels per day (bpd) ...
Crude benchmarks slumped on Tuesday as traders fretted about weak Chinese demand and weighed up a report saying that Israel ...
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