OPEC+ Now Sees Weaker Oil Demand Growth For 2021 ...Middle East

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OPEC+ expects global oil demand to rise by 5.6 million barrels per day (bpd) this year—lower estimated growth than OPEC’s assessment of 5.9-million-bpd demand increase from less than three weeks ago, according to the group’s Joint Technical Committee (JTC), which met via videoconference on Tuesday. Last year, oil demand is estimated to have crashed by 9.72 million bpd, Amena Bakr, Deputy Bureau Chief and Chief Opec Correspondent at Energy Intelligence, tweeted quoting the JTC’s assessment, which also notes that this year,…

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