OPEC sees strong oil demand growth in 2024
Its outlook contrasts that of the International Energy Agency (IEA), which advises oil-consuming nations, which last month predicted that oil demand growth would halve on economic headwinds. OPEC estimated global oil demand will grow by 2.2 million barrels per day (bpd) in 2024, whereas the IEA projected demand growth would decrease to 1.2 million bpd.
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