SLIPPERY SLIDE
OPEC predicts decline in demand, driven by China’s slowdown
In the long run, OPEC sees global demand steadily rising again as consumption grows in India, the Middle East and Africa
OPEC
OPEC Secretary General Haitham Al-Ghais speaking at 8th International Seminar in Vienna
Add The Circuit on GoogleThe world’s oil producers are bracing for a decline in global demand next year and lower-than-expected sales through 2029 amid a slowdown in China’s economic growth and its expanded use of alternative fuels.
The forecast is contained in OPEC’s...