OPEC cuts demand forecast

OPEC again cuts 2024, 2025 oil demand growth forecasts
OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting China, India and other regions, marking the producer group's fourth consecutive downward revision.
Oil Maintains Its Lows As OPEC Again Downgrades Global Demand Growth
In its latest monthly report published on Tuesday, OPEC said world oil demand would rise by 1.82 million barrels per day (BPD) this year, down from 1.93 million bpd the cartel predicted in October; up until August, OPEC had left its outlook unchanged since July 2023.
OPEC Slashes 2024 Oil Demand Forecast Amid Global Shifts
OPEC has cut its 2024 forecast for global oil demand growth, marking the fourth consecutive downward revision. The decline is mainly attributed to China and India. The organization has also lowered its demand growth estimates for 2025,
OPEC Cuts Global Oil Demand Growth Forecasts For a Fourth Consecutive Month
OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a slowdown in top consumer China.
Opec cuts oil demand forecast again for 2024 and 2025
Opec has revised down its forecast for oil demand growth this ... China, the main driver of global oil demand growth in 2023, is now experiencing an economic slowdown due to a weak property market, sluggish consumer spending and a decline in manufacturing ...
OPEC again reduces 2024, 2025 oil demand growth forecasts, Reuters reports
OPEC lowered its forecast for global oil demand growth for 2024 and 2025 on Tuesday, highlighting weakness in China, India and other regions,
OPEC Trims Demand Forecast for Fourth Straight Month
The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fourth consecutive month after further delaying its planned output hike amid market concerns over weaker global consumption and lower prices.
Oil prices edge up slightly amid OPEC demand cut forecast
Oil prices on the New York fuel exchange are slightly rising, but they remain close to this month's lowest levels. Brokers say investors are focused on the fuel demand outlook after OPEC countries lowered their oil demand growth forecasts for this and next year.
OPEC cuts demand forecast as China's economy slows
Oil prices on the New York fuel exchange are slightly rising, yet they remain close to the lowest levels seen this month. Brokers report that investors are concentrating on the fuel demand outlook after OPEC countries reduced their oil demand growth forecasts for this year and next.
CNBC Africa2d
Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
Oil prices may see a drastic fall in the event that oil alliance OPEC+ unwinds its existing output cuts, said market watchers ...
OPEC in conundrum as supply surplus risk, slowing demand leaves hard choices ahead
OPEC and its allies, or OPEC+, are facing unfavourable backdrop for the plans to boost production as a potential crude surplus in 2025 and cooling demand will likely continue to blunt any boost to oil ...
The Punch Newspapers9h
Nigeria’s petrol imports surged in October – OPEC
The volume of Premium Motor Spirit (petrol) imported into Nigeria surged in October, a report by the Organisation of the ...
OPEC+'s again delayed output hike shows soft demand reality
Geopolitical uncertainty will probably garner the lion's share of the blame for OPEC+'s decision to once again delay raising ...
Tehran Times1d
Iran’s oil production stands at 3.259 million bpd in Oct.: OPEC
TEHRAN - The Organization of Petroleum Exporting Countries (OPEC) in its latest report has said Iran produced 3.259 million ...
Mena FN9d
OPEC Extends The 2.2 Mbd Voluntary Adjustments For One Month Until End Of December 2024
(MENAFN- Caribbean News Global) VIENNA, Austria – The OPEC Secretariat noted that the eight OPEC+ countries ... which previously announced additional voluntary adjustments in April and November ...