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The OPEC Monthly Oil Market Report (MOMR) for November 2023 released Monday provides OPEC’s outlook for crude oil market developments for the coming y
[See the full post at: OPEC Monthly Oil Market Report November 2023]The International Energy Agency (IEA) raises its oil demand growth forecasts for 2023 and 2024
Oil demand growth forecast raised, defying economic slowdown – IEA
2023 oil demand growth forecast raised to 2.4 mil bpd (previously 2.3 mil bpd)
2024 oil demand growth forecast raised to 930k bpd (previously 880k bpd)
The agency says that oil demand has been resilient with China clocking a record high of 17.1 mil bpd in September.
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