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.
Demand Demand Growth Economy China Middle East Petrochemical
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OPEC Signals Lasting OPEC Alliance in Oil Market ManagementOPEC is preparing to replace the 'call on OPEC' forecast of global demand for the cartel's crude oil with 'call on OPEC crude' in its closely-watched monthly oil market report
Read more »
Thomas Frank ‘optimistic’ as Brentford show they can thrive without Ivan ToneyYoane Wissa and Bryan Mbeumo impressed in a 5-1 win over Luton in the absence of the Bees’ star striker, who is widely linked with a summer exit.
Read more »
Thomas Frank ‘optimistic’ as Brentford show they can thrive without Ivan ToneyYoane Wissa and Bryan Mbeumo impressed in a 5-1 win over Luton in the absence of the Bees’ star striker, who is widely linked with a summer exit.
Read more »
Spurs Fans Optimistic Ahead of Newcastle United MatchSpurs fans express their confidence in facing Newcastle United despite their injuries.
Read more »
Interest rates held at 5.25% but Bank of England ‘optimistic’ about cutsThe central bank has again voted to freeze rates.
Read more »
Expert's reason for homeowners to 'remain optimistic' after interest rate freezeEven with high interest rates and high prices, there has been a jump in mortgage enquiries
Read more »