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OPEC s oil demand growth forecasts for 2021 remains unchanged

Baku, July 16, AZERTAC Organization of Petroleum Exporting Countries (OPEC) keeps its forecast for world oil demand unchanged with 6 million barrel per day and total global demand reaching 96.6 million barrel per day, according to OPEC s Monthly Oil Market Report on Thursday, Anadolu Agency reports. The total demand forecast was revised down amid slower than anticipated demand in the main OECD consuming countries but this was counterbalanced by better-than-expected data from OECD Americas in 2021, which is now projected to continue through the third quarter of this year, said in the report. Positive developments on the increasing mobility and the pace of vaccine programs impact the demand while COVID-19 variants create uncertainties for the world oil demand.

OPEC forecasts 6% increase in global oil demand in 2021

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