OPEC Remains Optimistic About Global Oil Demand Growth

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OPEC News

Demand,Demand Growth,Economy

OPEC sees robust oil demand growth both this year and next thanks to a resilient global economy and the possible easing of monetary policies.

A resilient global economy early this year has additional upside potential in the second half with the possible easing of monetary policies,

maintained its forecast from the April report, which sees global oil demand rising by 2.25 million barrels per day bpd this year and by another 1.85 million bpd next year. said. The organization kept its world economic growth forecasts for 2024 and 2025 at 2.8% and 2.9%, respectively, but slightly raised its estimates of the U.S. economy this year and next.

 

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