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World oil demand to fall 0.2% this year: Opec study

Posted on 05 January 2009

From Gulf-times.com: The global economic downturn is expected to reduce world oil demand by 0.2% in 2009, Opec’s latest oil market report said. The world oil demand, according to Organisation of Petroleum Exporting Countries, will fall to 85.7mn barrels per day (bpd) this year.

The worsening world economy is expected to have a “strong impact” on oil demand next year especially in the Organisation of Economic Co-operation and Development (OECD) countries……Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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