Home
OPEC Expects Lower Demand For Crude Oil in 2015
13/11/2014 10:30:00
BAGHDAD / NINA / Organization of Petroleum Exporting Countries (OPEC) predicted reducing demand for oil over the next year (2015).
The organization said in its monthly report that "the demand for crude will fall to 29.2 million barrels a day next year, down about one million barrels per day from the current level of production."
OPEC added that "Saudi Arabia informed / OPEC / formerly about producing 9.069 million barrels per day in October, compared with 9.704 million barrels per day in September."
Organization confirmed that "this report is the last monthly before the meeting of OPEC oil ministers in Vienna in November 27, in which they will discuss how to face lower prices by reducing production for the first time since the financial crisis in 2008".
OPEC has kept its outlook on the main supply and demand in the global oil market, in 2014 and 2015 unchanged. / End
[You must be registered and logged in to see this link.]
--
13/11/2014 10:30:00
BAGHDAD / NINA / Organization of Petroleum Exporting Countries (OPEC) predicted reducing demand for oil over the next year (2015).
The organization said in its monthly report that "the demand for crude will fall to 29.2 million barrels a day next year, down about one million barrels per day from the current level of production."
OPEC added that "Saudi Arabia informed / OPEC / formerly about producing 9.069 million barrels per day in October, compared with 9.704 million barrels per day in September."
Organization confirmed that "this report is the last monthly before the meeting of OPEC oil ministers in Vienna in November 27, in which they will discuss how to face lower prices by reducing production for the first time since the financial crisis in 2008".
OPEC has kept its outlook on the main supply and demand in the global oil market, in 2014 and 2015 unchanged. / End
[You must be registered and logged in to see this link.]
--
