OPEC Holds Steady: 2023 Global Oil-Demand Growth Forecast Remains On Course
The Organization of the Petroleum Exporting Countries (OPEC) has maintained its forecast for growth in world oil demand this year at 2.3 million barrels a day (mb/d), averaging 101.9 mb/d. However, the organization has issued a warning that the outlook is subject to various uncertainties that include the trends and pace of economic activity in […]
India and China Set to Dominate 2023 Global Economic Growth With Whopping 50% Share
International Monetary Fund (IMF) Managing Director Kristalina Georgieva recently highlighted the current state of the global economy is predicted to experience slower growth, with less than 3% growth expected in 2023. Despite this gloomy outlook for most parts of the world, Georgieva seemed optimistic when discussing the potential for growth within emerging and developing economies, […]