Opec's latest report reaffirms there will be a substantial gap in the market for the producers to fill. Photo: Dado Ruvic/ReutersOPEC predicted that the recovery in global oil demand will gather strength in the second half of the year, as the group prepares to consider reviving more halted output. "The recovery in global economic growth, and hence oil demand, are expected to gain momentum," the group's Vienna-based research department wrote. OPEC's latest report reaffirms that there will be a substantial gap in the market for the producers to fill. Demand for OPEC's crude will average 29 million barrels a day in the final six months of the year, the report said.

Source: Irish Independent June 11, 2021 01:30 UTC