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OPEC Remains Optimistic Amidst Demand Concerns

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Source: OilPrice.com
OPEC Remains Optimistic Amidst Demand Concerns
Photo: OilPrice.com
TL;DR Summary

OPEC remains optimistic about the oil market, stating that recent concerns about demand are exaggerated. The cartel expects Chinese crude imports to reach a new annual record in 2023, and global oil demand to grow by 2.5 million bpd this year. OPEC revised its forecast slightly higher and sees healthy oil demand growth for 2024. Despite recent price drops, OPEC and its members believe that market fundamentals remain strong.

Topics:business#chinese-crude-imports#energy#market-fundamentals#oil-demand#oil-market#opec
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  1. OPEC Says Demand Concerns Are Overblown As Fundamentals Stay Strong | OilPrice.com  OilPrice.com
  2. OPEC Argues Against Negative Sentiment in Oil Market  Bloomberg Television
  3. Oil gains as OPEC counters demand concerns  Reuters
  4. OPEC slightly raises 2023 forecast for global oil demand  Arab News
  5. OPEC dispels negative sentiment in latest oil market report  ForexLive
  6. View Full Coverage on Google News

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