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Ukraine War Could Severely Hurt Global Growth and Oil Demand, OPEC Says
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wsj.comRussia’s invasion of Ukraine is likely to deal a severe blow to the global economy, something which could weigh on demand for oil, but the rapidly evolving situation made gauging the impact challenging, the Organization of the Petroleum Exporting Countries said Tuesday.
The cartel, in its monthly market report, held off from revising its forecasts for oil demand, supply and global economic growth, saying the fast-changing, uncertain situation in Ukraine had affected its ability to accurately predict what the far-reaching consequences of the conflict would be on global energy markets.
Read more on wsj.comAbout this in other media
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