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Commodities Briefing - Categorized | Market Moves, Oil more

Opec chief sees ‘possible’ drop in global oil demand

Posted on 23 October 2013

The Organisation of Petroleum Exporting Countries (Opec), which supplies about 40 per cent of crude across the world, sees a possible drop in demand for crude oil in the coming months, caused by a slowdown in economic growth in several regions.
“As we approach the end of 2013 and head into the next year, we need to remain vigilant. There remain many concerns for the market to digest, and act upon,” said Abdullah Salem El Badri, Secretary General of Opec………………………………………..Full Article: Source


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