OPEC maintains oil demand outlook for 2024, sees further growth in 2025

<ul><li>2024 world oil demand growth forecast unchanged at 2.25 mil bpd</li><li>2025 world oil demand growth forecast seen at 1.85 mil bpd</li><li>December oil price drop mainly driven by selling pressure from speculators</li></ul><p>The bloc says that it brought forward the 2025 demand forecast publication in order to "support understanding of market dynamics and to provide long-term guidance". In other words, they are hoping that their words will lead to calmer waters in the oil market. Well, the near 2% drop today is certainly not something that they'd be happy with I would say.</p>

This article was written by Justin Low at www.forexlive.com.