LONDON — OPEC on Wednesday trimmed its global oil demand forecasts both for the remainder of this year and 2021, citing a weaker-than-expected economic outlook and an upsurge in coronavirus cases.
In a closely-watched bodog poker review report, the group of oil-producing nations said it now expects world oil demand to contract by around 9.8 million barrels per day year-over-year in 2020. That reflects a downward revision of 0.3 million barrels compared to last month’s assessment.
For next year, OPEC said oil demand growth will rise by 6.2 million on bodog online casino an annual basis, representing a downward revision of another 0.3 million barrels from its October report. The group has steadily lowered its oil demand outlook for 2021 from an initial expectation of 7 million in July.
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