Open Demo Account
Home / Market Update / OPEC Monthly Report: The Global Economic Growth Forecast Reduced to -4.1% in 2020

OPEC Monthly Report: The Global Economic Growth Forecast Reduced to -4.1% in 2020

Adel 14 September, 2020 4:16 pm Market Update

OPEC Monthly Report:

Reducing global economic growth forecasts to -4.1% in 2020

The economic growth forecast for 2021 was left unchanged at 4.7%

Reducing Forecast for global oil demand growth by 0.4 million barrels per day in 2020

Raising Forecast of growth in non-OPEC supplies by 360 thousand barrels per day in 2020

Raising Forecast of growth in non-OPEC supplies by 371 thousand barrels per day in 2020

Reducing Forecast of demand growth for OPEC oil by 0.7 million barrels per day in 2020

Reducing Forecast of demand growth for OPEC oil by 1.1 million barrels per day in 2021

Crude oil prices edged slightly higher in the last minutes. As of writing, the barrel of West Texas Intermediate (WTI) was trading at $37.33, gaining 0.1% on the day.

Tags

Check Also

Will BTC price rebound from current levels?

Bitcoin price is currently trading down -1.24% at $62,047, with a drop of over 2.25% …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends