OPEC Holds Oil-Demand Forecast Steady While Pointing to Rising Global Inventories

OPEC has maintained its oil-demand forecast, indicating stability in its projections despite rising global inventories. This decision reflects OPEC's confidence in the demand for oil, which remains significantly higher than the estimates provided by the International Energy Agency. The divergence between OPEC's forecasts and those of the IEA highlights differing perspectives on the future of oil consumption and market dynamics, which are crucial for stakeholders in the energy sector.