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OPEC to review oil demand growth outlook in 2022 due to geopolitical shocks — report

The forecast of supplies from non-CIS countries will also be revised because of the military conflict in Ukraine, OPEC added

MOSCOW, March 15. /TASS/. The Organization of Petroleum Exporting Countries (OPEC) has kept the forecast of the global oil demand growth in 2022 by 4.2 mln barrels daily but expects its review amid geopolitical shocks, OPEC said in the March report.

The forecast can be changed in coming week when there will be more clarity in respect of long-term consequences of geopolitical shocks, OPEC said.

The forecast of supplies from non-CIS countries will also be revised because of the military conflict in Ukraine, OPEC added.

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