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World demand for oil has dropped: OPEC

Posted on 30 December 2009

From Bernama: World oil production demand has dropped for the first time since the early 1980’s for the second successive year, as the world economy remains confronted with the deepest and most wide-spread contraction sin since the 1940’s, the Namibian Press Agency (Nampa) reported Tuesday.

This observation was made at the 155th extra-ordinary meeting of the conference of the Organisation of Petroleum and Oil Exporting Countries (OPEC) that took place in the Angolan capital, Luanda last week……………………………………Full Article: Source

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VRS - who has written 36521 posts on Opalesque Commodities Briefing.


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