OPEC cuts forecast for global oil-demand growth this year
OPEC again cut its forecast for global oil-demand growth this year. The update cites escalating attacks on Gulf shipping disrupting key export routes and sending oil prices past $100 a barrel.
The Organization of the Petroleum Exporting Countries cut its forecast for global oil-demand growth this year. The move comes as escalating attacks on Gulf shipping continue to disrupt key export routes and push oil prices past $100 a barrel.