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OPEC Shifts To 'Call On OPEC+' In Oil Demand

The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters in Vienna

OPEC has made a significant shift in its global oil demand outlook, according to sources familiar with the matter. The organization has reportedly switched to 'call on OPEC+' as it assesses the current state of the oil market.

This change in approach indicates that OPEC is now looking beyond its own member countries and considering the broader group known as OPEC+. This group includes non-OPEC oil-producing nations, such as Russia and Mexico, who have cooperated with OPEC in managing oil production levels.

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