(EnergyAsia, October 28 2011, Friday) — The Organisation of Petroleum Exporting Countries (OPEC) expects world oil demand to increase by 900,000 b/d to 87.81 million in 2011 and 1.19 million b/d to 89.01 million b/d next year. Reflecting the deterioration in the global economic environment, OPEC’s latest monthly forecast represents a downgrade from its previous…
MARKETS: OPEC expects world oil use to rise by 900,000 b/d in 2011, 1.2 million b/d in 2012
Posted on October 28, 2011 by EnergyAsia