International Economic

OPEC cuts oil demand forecasts for fourth straight month

By Benjamin Chiou

Date: Tuesday 12 Nov 2024

(Sharecast News) - The Organization of Petroleum Exporting Countries has lowered its outlook for oil demand this year for the fourth straight month after pushing back a scheduled production increase as prices slumped.
OPEC said on Tuesday that oil demand is now tipped to increase by 1.8m barrels of oil per...

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