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Your email address will not be published.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

Rupee falls by Rs1.17 in interbank

On Wednesday, the Pakistani rupee continued to extend its losses. It fell…

KE, Chinese firm sign MoU for clean energy

K-Electric and China Three Gorges South Asia Investment Limited signed a memorandum…

Amazon workers plan walkout to protest against job cuts

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

Dollar surges, bitcoin hits record high as Trump claims US election victory

The US Dollar (USD) was set for its biggest one-day rise since…