OPEC+ raises 2022 oil demand growth forecast

The OPEC+ group of oil producers has made an upward revision to its 2022 oil demand forecast ahead of a meeting on Wednesday as the group faces pressure from the United States to raise output more quicker to help to support the global economy.

Two OPEC+ sources said the group's experts have revised its 2022 oil demand growth forecast to 4.2 million barrels per day (bpd), up from the previous forecast of 3.28 million bpd.

Also Read: Mexico wants talks with United States over auto content rules in trade pact