OPEC Slashes Oil Demand Growth Estimate Again 

For a fourth consecutive month, OPEC slashed on Tuesday its estimate of global oil demand growth for both this year and next, citing downward revisions in China and other Asian markets after seeing actual consumption data year to date. OPEC now expects global oil demand to grow by 1.82 million barrels per day (bpd) this year, down by 107,000 bpd from last month’s assessment, the cartel said in its closely-watched Monthly Oil Market Report. Total world oil demand is anticipated to reach 104.0 million bpd in 2024, bolstered by strong transportation…