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Your email address will not be published.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

Amazon workers plan walkout to protest against job cuts

It emerged that Amazon workers were planning a walkout at the company’s…

Govt slashes petrol price by Rs 5 per litre

The federal government on Tuesday slashed the prices of petrol by up…

NEPRA notifies Rs4.92 per unit hike

The National Electric Power Regulatory Authority (NEPRA) on Monday notified an increase…