Opec cuts forecast for 2024 oil demand growth, lowers projection for 2025

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The Organization of the Petroleum Exporting Countries in a monthly report said world oil demand will rise by 1.82 million barrels per day in 2024, down from 1.

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Opec is still at the top end of industry estimates after the revision.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Oil demand Global oil demand Opec oil report Crude oil demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 17:24:39 (23 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 240 words

Reading Time: 2 minutes read

Sentences: 9 lines

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Copyright Owner: © Business Standard

News ID: 23552867

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