OPEC sticks to oil demand growth forecasts for 2022, 2023 after several downgrades

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OPEC sticks to oil demand growth forecasts for 2022, 2023 after several downgrades
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OPEC said on Tuesday that while economic slowdown was ‘quite evident,’ there was potential upside such as from a relaxation of China’s zero-COVID policy

OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several downgrades, saying that while economic slowdown was “quite evident” there was potential upside such as from a relaxation of China’s zero-COVID policy.

“Although global economic uncertainties are high and growth risks in key economies remain tilted to the downside, upside factors that may counterbalance current and upcoming challenges have emerged as well,” OPEC said in the report.

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