OPEC on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the United States and other producers outside the wider OPEC+ group, pointing to a tighter market.

The raised forecast comes as the global economy was now projected to grow 3% this year, up from 2.9% previously.

Opec forecast a tighter global oil market than previously projected, citing accelerating demand growth and a slower expansion in rival supplies.The Organisation of the