OPEC again lowers 2024, 2025 global oil demand growth view

OPEC has reduced its forecast for global oil demand growth in 2024, now expecting a rise of 2.03 million barrels per day, down from 2.11 million bpd predicted last month. The group also lowered its 2025 estimate to 1.74 million bpd. Factors include China's economic conditions and the transition to cleaner fuels.
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