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OPEC leaves 2025 world oil demand growth forecast unchanged at 1.85 MBPD
OPEC LEAVES 2025 WORLD OIL DEMAND GROWTH FORECAST UNCHANGED AT 1.85 MBPD.
— FinancialJuice (@financialjuice) June 11, 2024
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Monthly Oil Market Report
In May, the OPEC Reference Basket (ORB) declined by $5.53, or 6.2%, m-o-m, to average $83.59/b. Oil futures prices declined, with the ICE Brent front-month contract falling by $6.00, or 6.7%, m-o-m, to average $83.00/b, and the NYMEX WTI front-month contract falling $5.77, or 6.8%, to average $78.62/b. The DME Oman front-month contract fell by $5.63, or 6.3%, m-o-m, to average $83.74/b. The front-month ICE Brent/NYMEX WTI spread narrowed by 23¢ to average $4.38/b. The price structure of ICE Brent and NYMEX WTI weakened and money managers were bearish amid heavy selling. The premium of light sweet to medium sour ... (full story)
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— PiQ (@PiQSuite) June 11, 2024OPEC LEAVES 2024 WORLD OIL DEMAND GROWTH FORECAST UNCHANGED AT 2.25 MILLION BPD - MONTHLY REPORT
**OPEC LEAVES 2025 WORLD OIL DEMAND GROWTH FORECAST UNCHANGED AT 1.85 MBPD
**OPEC TRIMS ESTIMATE OF Q1 2024 TOTAL OIL DEMAND BY 50,000 BPD TO 103.51 MILLION BPD; INCREASES Q2…