OPEC leaves oil demand for 2024 unchanged

The Organization of the Petroleum Exporting Countries (OPEC) decided to leave the global oil demand forecast for 2024 unchanged at 2.2 million barrels per day (bpd), the group’s January report showed on Wednesday. The oil demand is expected to see growth of 1.8 million bpd next year.Positive economic, manufacturing, and services sector activity is expected to further support China’s economic recovery this year, thus putting Beijing as the key driver of demand growth in the next 12 months. In 2025, demand for all oil products is projected to “fully” recover to its pre-pandemic levels. Total world oil demand is anticipated to reach 104.4 million bpd, supported by strong air travel demand, healthy road mobility, industrial construction, and agricultural activities in non-OECD countries, putting the region’s demand at 2 million bpd in 2024 and 1.7 million bpd in 2025. Demand in OECD countries is expected to grow by 300,000 bpd this year, and by 100,000 in 2025. r NN: Its up how far Iran w.ants to push things.  I think pretty far