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OPEC again cuts 2024, 2025 oil demand growth forecasts

  • OPEC has reduced its oil demand forecast for 2024 and 2025, marking its fifth consecutive monthly cut and the deepest reduction yet.
  • The global oil demand growth for 2024 is now projected at 1.61 million barrels per day, down 210,000 bpd from last month.
  • For 2025, OPEC estimates growth at 1.45 million bpd, which is a decrease of 90,000 bpd from the previous month's assessment.
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OPEC makes fifth and biggest cut to 2024 oil demand growth forecast.

·United Kingdom
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CDE News broke the news in on Friday, December 6, 2024.
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