WSJ
7 months agoBusiness intelligence
Oil Edges Up After OPEC Raises Demand Forecast
OPEC releases its monthly market report for November, stating that oil market fundamentals remain strong and negative sentiment around demand is exaggerated.
OPEC raises its forecast for global oil demand growth in 2023 to 2.46 million barrels a day.
China's crude oil imports are healthy and Asian refining margins are strong, according to OPEC's report. [ more ]