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OPEC keeps forecasts steady, pinned on economic growth
Opec has left its key forecasts for this year unchanged based on its expectations of renewed economic growth, with the near-term outlook clouded by the Covid-19 pandemic. "While a strong global economic recovery in 2021 remains very likely, the depth and magnitude of this year's rebound remains uncertain," Opec said in its latest Monthly Oil Market Report (MOMR). It kept its global economic growth forecast unchanged this year at 4.4pc from 2020, expecting the recovery to pick up towards the end of the second quarter as rapid-testing facilities and vaccines become more widely available. But, the rise in Covid-19 ... (full story)
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OPEC’s Monthly Oil Market Report for January 2021 is now available online. #OPEC #MOMR
— OPEC (@OPECSecretariat) January 14, 2021
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