11 Dec 2024, 13:00

OPEC lowered oil demand outlook to 1.6 mln bpd for 2024

The demand growth outlook for 2025 was lowered by 90,000 bpd to 1.4 mln bpd

MOSCOW, December 11. /TASS/. OPEC again revised its oil export forecast for this year and lowered it by 210,000 barrels per day (bpd) to 1.6 mln bpd, the organization said in its report.

Data were largely reconsidered for the third quarter of this year with consideration of recently received new data.

The demand growth outlook for 2025 was lowered by 90,000 bpd to 1.4 mln bpd. Nevertheless, this signals healthy growth as compared to average figures before the coronavirus pandemic, the organization noted.

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Energy crisis in Europe

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Russian painter of Trump portrait describes his work as priceless amid current tensions

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Mediators offer Israel, Hamas truce for 5-7 years — media outlet

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