OPEC cuts oil demand forecast but sees bigger market share

 In In the News
Sanctions on Russia after its invasion of Ukraine will give OPEC more room to expand its market share in 2022, according to the group’s monthly oil market report. OPEC’s analysts lowered their global oil demand outlook for 2022 by 210,000 b/d to 100.29 million b/d, the organization said May 12 in its closely-watched release. But even with the demand drop,…