(EnergyAsia, March 30, Monday) — OPEC has sharply lowered its forecast for 2009 world oil demand growth to minus one million b/d compared with the previous forecast for a contraction of 400,000 b/d. It has also reduced its estimate for 2008’s oil demand growth by 100,000 b/d to minus 300,000 b/d.The oil-exporting cartel said the latest…
MARKETS: OPEC lowers forecast for 2009 world demand yet again
Posted on March 29, 2009 by EnergyAsia