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Global oil demand

OPEC+ JTC keeps 2021 oil demand growth forecast unchanged

OPEC+ JTC keeps 2021 oil demand growth forecast unchanged

  • The JTC was meeting on Monday to assess market fundamentals ahead of a ministerial gathering on Tuesday of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group know as OPEC+.
Published 31 May, 2021 06:27pm
OPEC+ keeps oil demand forecast, but worried by COVID surge
Business & Finance

OPEC+ keeps oil demand forecast, but worried by COVID surge

  • In its most recent monthly oil market report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth by 70,000 barrels per day (bpd) to 5.95 million bpd.
  • The JTC meeting also expressed concern about rising COVID-19 cases in India, Japan and Brazil, the sources added.
Published 26 Apr, 2021 08:38pm