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For a fourth consecutive month, OPEC slashed on Tuesday its estimate of global oil demand growth for both this year and next, citing downward revisions in China and other Asian markets after seeing actual consumption data year to date. OPEC now expects global oil demand to grow by 1.82 million barrels per day (bpd) this […]
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OPEC Slashes Oil Demand Growth Estimate Again
For a fourth consecutive month, OPEC slashed on Tuesday its estimate of global oil demand growth for both this year and next, citing downward revisions in China and other Asian markets after seeing actual consumption data year to date. OPEC now expects global oil demand to grow by 1.82 million barrels per day (bpd) this