Home / Market Update / Commodities / OPEC cuts full-year 2022 world oil demand growth forecast to 3.1 million bpd

OPEC cuts full-year 2022 world oil demand growth forecast to 3.1 million bpd

In its monthly report published on Thursday, the Organization of the Petroleum Exporting Countries (OPEC) said that it lowered the 2022 full-year demand growth forecast to 3.1 million barrels per day (bpd) from 3.36 million bpd, as reported by Reuters.

Check Also

CPI Watch: Markets Seek Signals on U.S. Inflation Momentum

Global markets are turning their attention to the upcoming U.S. inflation report, one of the …