OPEC  Report: Keeping the global economic growth forecast at 3% in 2019 and 2020

OPEC  Report: Keeping the global economic growth forecast at 3% in 2019 and 2020


OPEC, which in its monthly report maintained the expectations of global economic growth of 3% in 2019 and 2020.

The organization also kept the forecasts for the growth of global oil demand at 0.98 million barrels per day in 2019 and 1.08 million barrels per day in 2020.

The average demand for OPEC oil is expected to be 30.7 million barrels per day in 2019 and 29.7 million barrels per day in 2020, unchanged.

As for supplies from outside OPEC, the organization's expectations also came unchanged at 1.83 million barrels per day in 2019 and 2.18 million barrels per day in 2020.