​OPEC Slashes Oil Demand Growth Estimate Again (For The 4th Straight Month) – Tyler Durden

OPEC Slashes Oil Demand Growth Estimate Again (For The 4th Straight Month) Authored by Tsvetana Paraskova via OilPrice.com, OPEC lowered its global oil demand growth forecast for 2024 and 2025 due to weaker demand revisions in China and other Asian markets. This marks the fourth consecutive month of downward revisions by OPEC, reflecting concerns about a slowdown in China’s economic growth. OPEC’s reduced demand forecast may impact its production cut decisions and lead to a weaker oil market outlook. For a fourth consecutive month, OPEC slashed on Tuesday its estimate of global oil demand growth for both this year and…  — Continue at ZeroHedge News : Read More