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ICYMI - OPEC forecasts higher oil demand this year - implication is of a large shortfall

Justin had the news on this Thursday:OPEC leaves demand forecast unchanged but flags downside risks to summer outlookThe Wall Street Journal (gated) posted a piece later:OPEC standing by its earlier forecast that demand for crude oil is expected to rise by 2.3 million barrels a day this yearOPEC’s largest members recently said they would cut output by more than 1 million barrels a dayThis could leave a large shortfall, especially given rising Chinese demand, and points to higher pricesOil price... Read More

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Posted: Apr 13 2023, 21:25

Author Name: forexlive

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