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oil demand

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OPEC foresees reduction in oil demand

The Organization of the Petroleum Exporting Countries (OPEC) adjusted downwards this Monday global oil demand for the remainder of 2024 (2.07 %) and for 2025 (1.71 %). One of the main reasons would be China's slowdown in consumption. According to estimates, "this year the planet will burn an…
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Oil demand will recover by 2023

Global oil demand will not recover the levels observed before the pandemic until 2023, according to projections by the International Energy Agency (IEA), who warned about the possibility that the oil market "never returns to normal" before…