OPEC bullish on oil demand, slams negative market sentiment

VIENNA, Nov. 13 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) on Monday slightly raised its forecast for this year's global oil demand growth, saying the oil market fundamentals remain strong and blaming speculators for the recent drop in crude prices.

In its monthly oil market report for November, OPEC slightly revised upwards its forecast for world oil demand growth in 2023 to 2.46 m