Opec cuts oil demand outlook for this year again as Iran war disrupts markets
Opec has lowered its oil demand outlook for this year for the second consecutive time, while remaining confident of a “resilient” global economy amid the disruption caused by the US-Iran war. The oil group cut its demand view to 970,000 barrels per day, from a previous assessment of 1.17 million bpd
AI Translated Summary:
Opec has revised its oil demand outlook downward for the second time this year, now projecting a demand of 970,000 barrels per day due to market disruptions from the US-Iran conflict. Despite this, Opec maintains a positive outlook on the resilience of the global economy.
⬅ Back home Read full article ➡