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OPEC cuts oil demand growth forecast again as economic challenges mount

Summary by Reuters
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..
Published 3 months ago · New York, United States

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OPEC cuts oil demand growth forecast again as economic challenges mount

Oil demand in 2022 will rise by 2.55 million barrels per day (bpd), or 2.6%, the Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report, down 100,000 bpd from the previous forecast.

3 months ago·Mumbai, India
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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 economic challenges including high inflation and rising interest rates.

3 months ago·United Kingdom
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OPEC slices oil demand growth forecast again as economic challenges mount

The group, which recently cut production targets, will remain cautious, Saudi Arabia's energy minister was quoted as saying last week.

3 months ago·Toronto, Canada
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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.

3 months ago·Ireland
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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

3 months ago·Moscow, Russian Federation
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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 also trimmed next year's figure, citing mounting economic challenges including high inflation and rising interest rates.

3 months ago·Canada
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