WTI to Head Lower in Q2 as Fundamentals Weaken
OPEC Anticipates Lower (QoQ) Global Oil Demand in Q2 According to revised forecasts in OPEC’s monthly report for March, Q2 remains likely to see a drop in global oil demand compared to Q1, although the group now sees a slight improvement of an additional 70,000 barrels per day (bpd) compared to last month’s figures. In …