Demand is expected to fall. The International Energy Agency (IEA), cut its demand forecast for OPEC oil by 300,000 bpd in 2019. Given current economic trends, this is unsurprising. Global growth is projected to slow from 3.7% to 3.5%.
-Low demand compared to previous years
-Low demand compared to previous years
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.