Surprise Me!

OPEC predicts higher demand for its crude oil

2015-09-14 42 Dailymotion

OPEC has predicted a higher demand for its crude oil next year, cutting its forecast of supplies from non-member countries.<br /><br /> It is sticking to its view that its strategy of letting prices fall will curb supply from the US and other rival producers.<br /><br /> In its monthly report, the Organisation of Petroleum Exporting Countries said it expected demand for its crude in 2016 to average 30.31 million barrels per day, a rise of 190,000 from last month.<br /><br /> This is despite weaker demand growth overall.<br /><br /> OPEC trimmed its estimate for world demand growth, citing a weaker outlook for Latin America and China.

Buy Now on CodeCanyon