Opec, in contrast to IEA, sees lower 2022 global oil demand growth ...Qatar

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Opec, in contrast to IEA, sees lower 2022 global oil demand growth
Opec on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic. The view from the Organisation of the Petroleum Exporting Countries contrasts with that of the International Energy Agency, the adviser to industrialised countries, which earlier on Thursday raised its 2022 demand growth outlook. Opec in a monthly report said it expects 2022 oil demand to rise by 3.1mn bpd, or 3.2%, down 260,000 bpd from the previous forecast. The IEA raised its forecast by 380,000 bpd to 2.1mn bpd. Oil use has rebounded from the worst of the pandemic an

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