OPEC Cuts Oil Demand Growth Forecast for 3rd Straight Month Amid Economic Uncertainty, Weak Market Sentiment

By Tom Ozimek The Organization of the Petroleum Exporting Countries (OPEC) has cut its global oil demand growth forecast for the third consecutive month, citing persistent economic uncertainties and weakened market sentiment. The group’s October monthly oil market report, released on Oct. 14, sees global demand rising by 1.9 million barrels per day (bpd) in […]