OPEC Sees Oil Demand Dropping Further
OPEC said today that it sees oil demand dropping even further this year, and has lowered its growth projections for 2021. As reported by CNBC, the group attributes the revisions to the ongoing global wave of increasing coronavirus cases.
In its latest report, OPEC cited ramifications from measures put in place to contain the spread of the coronavirus "with the accompanying adverse impacts on transportation and industrial fuel demand through mid-2021."
Source Fool.com
