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

Core Insights - The cartel's estimates for oil production and demand remain significantly higher than those provided by the International Energy Agency [1] Group 1 - The cartel's projections indicate a robust outlook for oil supply, suggesting a potential oversupply in the market [1] - The International Energy Agency's estimates are viewed as conservative compared to the cartel's forecasts [1]