OPEC raised its global oil demand forecast for 2020 by 60,000 b/d from last month to 90.29 million b/d on Oct. 13 as it sees an improvement in China’s demand for most oil products except for jet fuel. Receive daily email alerts, subscriber notes & personalize your experience. Register Now This is the first increase in its 2020 demand forecast in three months. “China so far appears to be the only country globally moving steadily on the path to recovery based on gradually improving economic indicators, particularly in industrial production, which are rising from month to month,” OPEC said in its latest monthly oil market report released Oct. 13. “Oil demand is projected to be in line with these positive developments and trends.” The bloc […]