OPEC holds oil demand view steady despite economic growth warning

Summary Chinese oil demand growth increased to 840,000 bpd OPEC output falls by 464,000 bpd in May OPEC+ announced new oil output cuts on June 4 LONDON, June 13 (Reuters) – OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday, though the producer group warned that the world economy faced rising uncertainty and slower growth in the second half of the year. Global oil demand this year will rise by 2.35 million barrels per day (bpd), or 2.4%, the Organization of the Petroleum Exporting Countries (OPEC) said in its monthly report. This…