OPEC stuck to its forecast for oil demand growth for 2023 and 2024 and said it expects the global economy to grow at a faster pace this year. World oil demand would rise by 2.25 million barrels per day (bpd) in 2024, compared with a growth of 2.44 million bpd this year, OPEC said in its monthly oil market report. Both forecasts were unchanged from last month’s assessment.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

CPEC projects accelerated by Pak-China cooperation: Mao Ning

On Tuesday, Chinese foreign office spokesperson Mao Ning said that Pakistan and…

Nepra announces reduction in power tariff for KE consumers

The National Electric Power Regulatory Authority (NEPRA) on Friday announced a Rs0.5…

Brent crude oil price drops to $82/barrel internationally

Oil prices steadied on Friday but fell for the week on a…

Sindh government to promote eco-tourism

The Sindh government has decided to promote eco-tourism in the coastal areas…