OPEC sees slower 2019 global oil demand growth, warns on economy
In a monthly report, the Organization of the Petroleum Exporting Countries said world oil demand next year will rise by 1.41 million barrels per day, 20,000 bpd less than last month and the second consecutive reduction in the forecast.
OPEC said the risk to the economic outlook was skewed to the downside, adding a new challenge to the group`s efforts to support the market next year. Image source: Reuters