OPEC Slightly Revises World Oil Demand Growth Forecast For 2019 Downward - Report

OPEC Slightly Revises World Oil Demand Growth Forecast for 2019 Downward - Report

The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised its world oil demand growth forecast for 2019 downward, according to the organization's report published Wednesday

MOSCOW (UrduPoint News / Sputnik - 12th September, 2018) The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised its world oil demand growth forecast for 2019 downward, according to the organization's report published Wednesday.

"In 2019, world oil demand growth is forecast to rise by 1.

41 mb/d [million barrels per day], a minor downward adjustment of 20 tb/d [thousand barrels per day] from the previous month's assessment, mainly reflecting the less optimistic economic projections in the non-OECD regions of Latin America and the Middle East compared to last month. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d," the OPEC monthly oil market report reads.

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