Last month, we reported that energy experts have been growing increasingly bearish on the oil price outlook compared to previous sentiment. Four energy agencies including the IEA and OPEC Secretariat have made their predictions for oil demand growth in 2023, with the only common theme being that all four expect demand to grow compared to 2022, but all are less optimistic than they were a year or so ago.
Previously, the OPEC Secretariat was the most optimistic, and had predicted that demand will grow by some 2.3 million barrels per day…Oil Price Predictions Have Become Oddly Polarized
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