OPEC Keeps Oil Outlook Unchanged as Supply Boost Continues

OPEC kept its outlook for the oil market unchanged as the group and its allies continue to add barrels to the global market.

Global oil demand will grow by 1.3 million barrels a day this year and by 1.4 million in 2026, the same as previously forecast, the Organization of the Petroleum Exporting Countries said in its monthly market report on Monday.