OPEC has trimmed its global demand estimate for 2009 by 20,000 barrels to 85.66 mln bpd, bringing the year's reduction to 180,000 bps, or 0.2%. Reports that consumption of OPEC crude will contract 4.22% to 29.
For more details on Despite large output cuts by OPEC, crude oil dip on forecast of lower demand click here
No comments:
Post a Comment