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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC weighs reduced demand oil forecast

Posted on 18 November 2011

OPEC officials are considering estimates that demand for the group’s crude oil in 2012 could average 1 million barrels per day (bpd) less than their current output, suggesting it may start to look at trimming supply.

The board of governors of the Organization of the Petroleum Exporting Countries is meeting in Vienna this week, in preparation for the gathering of its oil ministers on Dec. 14 that will decide output policy………………………………………Full Article: Source


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