With the improved forecast accuracy, Lamps Plus can confidently place orders months in advance to replenish stocks in late Q1/early Q2 2025, after the Chinese New Year vendor shutdown period.

World oil demand this year is expected to grow less than earlier forecast and output should expand faster than previous estimates, resulting in a more balanced market, the U.S. Energy Information ...

OPEC+ is probably also concerned about the state of demand growth in Asia, the top-consuming region and the engine room of its forecast for global growth of 2.25 million bpd this year.