OPEC lowers oil demand recovery forecast, ahead of decision on May quotas: sources

Capt. John

OPEC is revising down its 2021 oil demand growth estimate, delegates said March 30, in a sign that the producer group and its allies will continue to tread cautiously with returning more crude to world markets. OPEC’s secretariat had previously forecast demand growth of 5.9 million b/d in its latest oil market report on March …

The post OPEC lowers oil demand recovery forecast, ahead of decision on May quotas: sources first appeared on Hellenic Shipping News Worldwide.

Author: Capt. John

https://www.hellenicshippingnews.com/opec-lowers-oil-demand-recovery-forecast-ahead-of-decision-on-may-quotas-sources/

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