Opec cuts 2022 world oil demand forecast again on Ukraine war

  • Date: 12-May-2022
  • Source: Gulf Times
  • Sector:Oil & Gas
  • Country:Gulf
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Opec cuts 2022 world oil demand forecast again on Ukraine war

Opec on Thursday cut its forecast for growth in world oil demand in 2022 for a second straight month, citing the impact of Russia’s invasion of Ukraine, rising inflation and the resurgence of the Omicron coronavirus variant in China.Opec on Thursday cut its forecast for growth in world oil demand in 2022 for a second straight month, citing the impact of Russia’s invasion of Ukraine, rising inflation and the resurgence of the Omicron coronavirus variant in China.

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