ICYMI - OPEC has cut its forecasts for global oil demand ... again ...Middle East

OPEC's monthly oil market report was published on September 10. The cartel slahsed demand estimates again. oil demand will grow by 2 million b/d in 2024this is down 80,000 b/d from the forecast in Augustfor 2025, demand will rise a further 1.7 million b/d, a 40,000 b/d downward revisionOPEC has lowered its "call on OPEC+ crude" for 2024 by 360,000 b/d over the past five monthsand for 2025 by 530,000 b/d over that period---ps. "Call on OPEC+ crude" refers to the demand or requirement for oil from OPEC+ countries to balance the global oil market. The "call" represents the amount of crude oil that the world needs from these producers to meet global oil demand, after considering other sources of

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