OPEC has cut its oil demand forecast for the fifth consecutive month, with the largest reduction to date.

OPEC has lowered its forecast for Consumer growth in 2024 by 0.21 million barrels per day to 1.6 million barrels per day. Since July, OPEC has reduced its forecast by 27%. Analysts believe that OPEC's forecast still exceeds the general market expectations and there is a gap with this year's actual Consumer data.

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OPEC Cuts Forecast of Oil-demand Growth for 2024, 2025

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Market Chatter: BP, Shell, Others Sought by Oman for Investment in Latest LNG Project

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Express News | Market news: Oman will seek to negotiate with BP PLC and Shell to secure the latest liquefied Henry Hub Natural Gas project.

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