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Commodities Briefing - Categorized | Market Moves, Oil, Research more

Oil demand will not drop next year, says IEA

Posted on 25 October 2011

The Organisation of Petroleum Exporting Countries (OPEC) will need to maintain or increase its oil production to meet global demand next year, despite concerns about the state of the world economy, the International Energy Agency said.

According to AFP report “There is an ample market for OPEC production at or above current levels” of 30.1 million barrels per day, said David Fyfe, director of the IEA’s market and oil divisions………………………………………Full Article: Source


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