OPEC Sees Strong Oil Demand In The Second Half Of 2021 ...Middle East

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Global oil demand is set to benefit from stronger economic recovery and vaccinations in the second half of this year, OPEC said on Thursday, adjusting higher its outlook for the second half of 2021 and raising slightly its full-year oil demand forecast. The cartel, however, revised down in its Monthly Oil Market Report (MOMR) its estimates for global oil demand for the first half of the year due to extended lockdowns in major economies in Europe and high unemployment rates in the United States slowing the recovery. In hindsight, the OPEC+…

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Last updated : 11 March 2021 clock 09:15 PM

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OPEC Sees Strong Oil Demand In The Second Half Of 2021 ...Middle East

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