Open Demo Account
Home / Market Update / Commodities / OPEC Optimistic About Oil Demand in 2022

OPEC Optimistic About Oil Demand in 2022

Adel 13 December, 2021 5:20 pm Commodities, Market Update

OPEC on Monday raised its forecast for global oil demand in the first quarter of 2022 but left its full-year growth forecast unchanged, saying the Omicron mutant from the coronavirus would have a slight impact as the world coped with the pandemic.

The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report that it expected oil demand to average 99.13 million barrels per day in the first quarter of 2022, 1.11 million more than its forecast last month.

Tags

Check Also

Why Did the Dow Retreat from Record Highs?

The Dow Jones Industrial Average (DJIA) retreated from its record-setting run, slipping below 46,000 as …

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