Today, oil strategist Julian Lee looks at the latest demand growth outlooks from three major forecasters. To get this newsletter sent to your inbox, sign up here. The world’s three main oil forecasting agencies seem to live in parallel universes.

OPEC stuck to its forecast for relatively strong growth in global oil demand in 2024 and next year, saying on Wednesday that resilient economic growth and air travel would support fuel use in the summer months.

The World Bank recently offered up a slightly lower prediction, arguing that global economic growth would stay at 2.6%.

The Organization of the Petroleum Exporting Countries kept its bullish outlook for oil-demand growth unchanged and raised its economic-growth forecast for this year, citing solid momentum across major economies.

OPEC revised its global economic growth forecast for 2024 slightly higher to 2.9%. The cartel maintained its oil demand growth forecast of 2.2 million barrels per day for this year.Oil prices held firm Wednesday as OPEC sees solid demand supported by stronger economic growth this year.

The Organization of the Petroleum Exporting Countries (OPEC) maintains its robust oil demand forecast for 2024, unchanged from last month. OPEC+ predicts global oil demand to grow by 2.25 million barrels per day,

Oil prices steadied on Wednesday as the Organization of the Petroleum Exporting Countries kept its growth forecast for oil demand unchanged for this year and next, while U.S. crude and gasoline inventories likely fell last week.

At 1312 GMT, Brent futures rose by 1 cent, or 0.01%, to $84.67 a barrel, following a 1.3% decline in the previous session. Meanwhile, U.S. West Texas Intermediate (WTI) crude increased by 11 cents, or 0.