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Your email address will not be published.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

Oil prices surge over Middle East tensions

Oil prices jumped Monday over escalating Middle East tensions while stock markets…

Call to Increase Bilateral Trade Between Pakistan & Sri Lanka

ISLAMABAD, Oct 11 (APP): The speakers during “Book Launching” on Pakistan-Sri Lanka…

Hike in diesel, petrol prices challenged in LHC

A petition was filed in the Lahore High Court (LHC), challenging the…

China tightens scrutiny of offshore listings

Shanghai: On Monday, the Chinese government announced that it would require domestic…