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ICYMI - OPEC forecasts higher oil demand this year - implication is of a large shortfall

Analytic Dave

Apr 13, 2023

Justin had the news on this Thursday:

OPEC leaves demand forecast unchanged but flags downside risks to summer outlook

The Wall Street Journal (gated) posted a piece later:

OPEC standing by its earlier forecast that demand for crude oil is expected to rise by 2.3 million barrels a day this year
OPEC’s largest members recently said they would cut output by more than 1 million barrels a day
This could leave a large shortfall, especially given rising Chinese demand, and points to higher prices

Oil price update:

This article was written by Eamonn Sheridan at www.forexlive.com.

from Forexlive RSS Breaking News Feed https://ift.tt/KyeVE8v

Analytic Dave

AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.

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