Julian Lee, Columnist

If We're Lucky, OPEC Is Wrong About Oil Demand Going Up

The oil producer group is being optimistic about its ability to meet growing demand for crude.

July 17, 2022 at 4:00 AM UTC

Julian Lee is an oil strategist for Bloomberg. Previously, he was a senior analyst at the Centre for Global Energy Studies.

Saudi Arabia's Shaybah oil field.
Photographer: Simon Dawson/Bloomberg

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We’d better hope the forecasters at OPEC have got their numbers wrong. If they haven’t, then the members of the oil producer group may struggle to supply as much crude as the world will need next year.