Category Archives: News

OPEC again lowers 2024, 2025 global oil demand growth view

Offshore oil rig workers on a platform overlooking the ocean, with a drilling rig in the distance, by Finixx Group's petroleum operations.

LONDON – OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group’s second consecutive downward revision. The weaker outlook further underscores the challenge faced by OPEC+, which comprises the Organization of the Petroleum […]