OPEC now expects 2022 world oil demand to expand by 3.67 million barrels per day in 2022, down 480,000 bpd from its previous forecast
OPEC+ sees a surplus of 1.9 million barrels per day in 2022, 600,000 bpd higher from a previous forecast, amid expectations of slower demand growth this year, a report seen by Reuters showed on Wednesday.
The revision reflects a weaker oil demand growth forecast adopted by the Organization of the Petroleum Exporting Countries in its April oil monthly report.
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