OPEC had previously forecast 5.9 million b/d growth in 2021 Third COVID-19 wave, faltering economies prompt revision OPEC and allies will meet online April 1 to discuss quotas OPEC is revising down its 2021 oil demand growth estimate, delegates said March 30, in a sign that the producer group and its allies will continue to tread cautiously with returning more crude to world markets. OPEC’s secretariat had previously forecast demand growth of 5.9 million b/d in its latest oil market report on March 11, but an advisory committee has determined that the projection was overly optimistic, delegates told S&P Global Platts on condition of anonymity. The new forecast has yet to be determined. The OPEC+ group will meet April 1 to determine May production quotas. “We considered that the figures on the demand side need to […]