iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Energy Preview: Oil Recovers As OPEC Raises Global Oil Demand Forecast

1 Nov 2022 , 08:40 AM

Crude oil sees some recovery in early Asia on Tuesday, following sharp decline of more than 1.5% in the previous session amid rising demand worries. Extensive COVID-19 curbs in China increased fears of slowing fuel demand in the worlds second-largest oil. However, oil regained strength as OPEC increased its outlook for global oil demand in the medium and longer term, the group said in its 2022 World Oil Outlook released on Monday. OPEC said in the report that global oil demand will increase to 103 million barrels per day next year?an increase of 2.7 million bpd from 2022 and an increase of 1.4 million bpd from what the group predicted for 2023 last year. WTI crude oil futures are currently quoting higher by 0.67% at $87.11 per barrel. Powered by Commodity Insights

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Indices may open higher on Aug 29, 2025
29 Aug 2025|08:51 AM
Top Stocks for Today - 29th August 2025
29 Aug 2025|07:21 AM
Sensex and Nifty in Red on August 28, 2025
28 Aug 2025|02:07 PM
Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.