OPEC leaves oil demand growth forecast unchanged in its latest MOMR. War in Ukraine, quickly rising inflation may have an impact on short-term crude demand. The cartel still expects world oil demand to exceed pre-pandemic levels on average this year. OPEC left on Tuesday its oil demand growth view unchanged but warned that Russia’s war in Ukraine and the spiraling inflation could this year impact oil consumption growth, which “remains under assessment.” In its closely watched Monthly Oil Market Report today, OPEC left its outlook of global oil demand growth at 4.2 million barrels per day (bpd), “for the time being”, but flagged “the extremely high uncertainty surrounding global macroeconomic performance.” “However, this forecast is subject to change in the coming weeks, when there is more clarity on the far-reaching impact of the geopolitical turmoil,” OPEC said. The cartel still expects world oil demand to exceed pre-pandemic levels on […]