OPEC cuts oil demand growth forecast again as economic challenges mount

OPEC cuts oil demand growth forecast again as economic challenges mount

OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year’s figure, citing mounting

OPEC cuts oil demand growth forecast again as economic challenges mount

LONDON: The Organization of the Petroleum Exporting Countries, or OPEC, on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and also trimmed next year’s figure, citing mounting economic challenges including high inflation and increases to interest rates. Oil demand in 2022 will rise by 2.55 million barrels per day (bpd), or 2.6 percent,

OPEC cuts oil demand growth forecast again

OPEC has today cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure, citing mounting economic challenges including high inflation and rising interest rates.

OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount

LONDON—OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year’s figure, citing mounting economic challenges including high inflation and rising interest rates. Oil demand in 2022 will increase by 2.55 million barrels per day (bpd), or 2.6 percent, the Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report, down 100,000 bpd from the previous forecast.…

OPEC cuts oil demand forecast as economic challenges mount

Next year, OPEC expects oil demand to rise by 2.24 million bpd - 100,000 bpd lower than previously forecast.

OPEC cuts oil demand growth forecast to 2.5 mln bpd in 2022

It is reported that oil consumption in non-OECD countries could increase by 1.3 mln barrels per day to 53.5 mln barrels per day