After converging in October, oil demand forecasts for 2022 from the International Energy Agency, the US Energy Information Administration and the Organization of Petroleum Exporting Countries diverged again this month. While the two consumer-focused groups increased their assessments of demand, forecasters at OPEC continued to grow more bearish and are now the most pessimistic of the three groups for the first time this year. That may explain why the group and its allies decided to cut their output target when they met last month.

https://www.bloomberg.com/news/articles/2022-11-16/opec-oil-cuts-spell-tight-stockpiles-despite-demand-headwinds