Underwhelming Oil Demand Could Force OPEC+ to Delay Easing of Cuts

It is not certain that global oil demand is rising fast enough to allow the market to absorb the OPEC+ group’s planned increase in supply from October, analysts and industry sources have told Reuters. Concerns about an underwhelming demand in China amid sluggish economic growth below expectations and fears of a recession in the U.S. have weighed on the market in recent weeks.  OPEC+ continues to stick to its policy announced in June that it intends to begin easing part of the current production cuts in October this year. At last week’s…