The Zhitong Finance App learned that crude oil market analysts were very surprised by the Organization of Petroleum Exporting Countries OPEC (OPEC), which lowered the global oil demand growth forecast for this year and next for three consecutive months. The organization seems to have finally realized that the scale of global fuel use is rapidly slowing down. According to information, the Organization of Petroleum Exporting Countries stated in its latest monthly report that global oil consumption will increase by 1.9 million b/d in 2024, an increase of only about 2%, which is 106,000 b/d less than the organization's previous forecast. Consumption is expected to increase by only 1.6 million b/d in 2025.

The Zhitong Finance App learned that crude oil market analysts were very surprised by the Organization of Petroleum Exporting Countries OPEC (OPEC), which lowered the global oil demand growth forecast for this year and next for three consecutive months. The organization seems to have finally realized that the scale of global fuel use is rapidly slowing down. According to information, the Organization of Petroleum Exporting Countries stated in its latest monthly report that global oil consumption will increase by 1.9 million b/d in 2024, an increase of only about 2%, which is 106,000 b/d less than the organization's previous forecast. Consumption is expected to increase by only 1.6 million b/d in 2025.