OPEC Dismisses Demand Forecasts
This is a news story, published by CNBC, that relates primarily to OPEC news.
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OPECCNBC
•'Too much doom and gloom': OPEC chief is bullish on oil demand despite extended production cuts
85% Informative
OPEC expects oil demand growth at 1.9 million barrels a day this year , significantly higher than many other market forecasters.
The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.
Comments came just one day after OPEC+ member countries agreed to delay a planned output increase by one month .
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