OPEC Revises Oil Demand Forecast Due to Economic Concerns in China
Monday, 12 August 2024, 10:04
OPEC's Adjusted Oil Demand Outlook
OPEC's latest report indicates that the global oil demand forecast has been revised downwards due to the economic uncertainty in China. Here are the key points:
Key Highlights from OPEC's Report
- Global oil consumption is expected to decrease by 2.1 million barrels daily.
- Economic challenges in China are contributing to this shift.
- The revision may have implications for future oil prices.
This change in outlook emphasizes the interconnectedness of global economies and their impact on energy markets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.