Economy

OPEC Raises Forecast for Chinese Oil Demand Growth

OPEC Raises Forecast for Chinese Oil Demand Growth

OPEC, the Organization of the Petroleum Exporting Countries, has raised its expectations for the growth of Chinese oil demand in 2023 once again, following the easing of COVID-19 related restrictions in the country. However, it kept the overall global oil demand stable, attributing this to the potential decline in growth in other regions.

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