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OPEC crude oil demand expected to drop unitl 2016

Posted on 12 November 2012

Demand for OPEC’s crude will decline until 2016 because of the weakening economic outlook and growing reliance on competing sources such as U.S. shale oil deposits and natural gas liquids.
Global need for fuel from the Organization of Petroleum Exporting Countries will shrink to 29.7 million barrels a day in 2016, 1.4 million less than this year, the group says in its annual World Oil Outlook………………………………………..Full Article: Source


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