OPEC+
The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024
OPEC projects demand for crude to reach 43.2 million barrels per day in 2024
Brent crude should return to the $90 per barrel mark as demand exceeds historic levels this year
OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
U.S. crude production escalates to 13.15 million barrels per day in February
Brent futures rose by $2.63, reaching $89.74 per barrel
Libya's crude oil output reached 1.24 million barrels per day (bpd) in March 2024
