In its monthly report, OPEC said it cut its forecast for demand growth in 2024 by 106,000 barrels a day to 1.9 million barrels a day, or mbd. The organization cited "actual data received ...
OPEC trimmed its forecasts for oil demand growth this year and next for a third consecutive month as the group belatedly recognizes a slowdown in global fuel use. Global oil consumption will ...
On Monday, OPEC in a monthly report said world oil demand will rise by 1.93 million barrels per day (bpd) in 2024, down from growth of 2.03 million bpd it expected last month.