Thursday, December 26, 2024
OPEC cuts 2020 oil demand forecast, trims 2021 outlook on pandemic fallout- oil and gas 360

OPEC cuts 2020 oil demand forecast, trims 2021 outlook on pandemic fallout

CNBC LONDON — OPEC has cut its forecast for oil demand growth this year, citing a weaker-than-expected recovery in India and other Asian countries, and warned risks remain “elevated and skewed to the downside” for the first half of next year. In a closely-watched monthly report published Monday, the group of oil-producing nations downwardly revised its outlook for global oil demand to an