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OPEC Cuts Oil Demand Growth Estimates as China’s Economy Struggles | OilPrice.com

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Summary
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75% Informative

OPEC cut its forecasts of global oil demand growth this year and next, in the first downward revision since the organization issued its initial estimate for 2024 a year ago .

Global oil demand is set to grow by 2.11 million barrels per day (bpd) in 2024 , a still “healthy” growth pace.

OPEC also trimmed its 2025 demand growth forecast to 1.78 million bpd, slightly lower than the increase of 1.85 million bd expected in last month’s report.

VR Score

73

Informative language

71

Neutral language

40

Article tone

formal

Language

English

Language complexity

58

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not offensive

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not detected

Time-value

short-lived

Source diversity

1

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