OPEC kept on Wednesday its oil demand growth forecasts for this year and next, citing better-than-expected economic performance so far this year and blaming “exaggerated concerns about oil demand growth” for the recent slump in oil prices. In its closely-watched Monthly Oil Market Report (MOMR) out on Wednesday, OPEC kept its forecast for world oil demand growth in 2023 unchanged from last month’s assessment at 2.
5 million barrels per day (bpd). In the November report, OPEC had said that oil market fundamentals…OPEC Maintains Oil Demand Outlook Amid Resilient Economic Growth
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