OPEC lowered its second-quarter world oil demand forecast, citing the impact of the ongoing war in the Middle East. The revision points to softer near-term demand expectations for crude and reflects heightened geopolitical risk in energy markets. The report is likely to matter for oil prices and OPEC+ supply expectations, though the article does not give the size of the forecast cut.
OPEC lowered its second-quarter world oil demand forecast, citing the impact of the ongoing war in the Middle East. The revision points to softer near-term demand expectations for crude and reflects heightened geopolitical risk in energy markets. The report is likely to matter for oil prices and OPEC+ supply expectations, though the article does not give the size of the forecast cut.
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