OPEC remains optimistic that the world will see robust oil demand growth this year and next amid improving economies and further upside potential in global economic growth. In its closely-watched Monthly Oil Market Report (MOMR) published on Tuesday, OPEC revised up slightly its global economic growth forecast for this year to 2.8%, up by 0.1 percentage point compared to its report from last month. The cartel left its 2025 economic growth projection unchanged at 2.9%. “While some downside risks persist, a continuation…
