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Crude oil demand: optimism of OPEC remains unchanged despite the surge of Delta variant

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OPEC crude oil demand forecast

The Delta variant of the Coronavirus is surging across the globe and the OPEC has not lost an iota of its optimism about the demand of the commodity for this year and next year. The OPEC has not responded officially to the demand by President Biden to increase the output, from current level. Since the organiaztion cannot afford to ignore the presidential wishes outright, it is interesting to note how the former re-evaluate its calculations.

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