09.07.2009 - OPEC sees prolonged weakness in oil demand
From Kuwaittimes.net: World demand for OPEC's oil may take years to recover from the slump in 2009 because of economic weakness and demand destruction, the group said yesterday, justifying its slower spending on new supplies. In its 2009 World Oil Outlook, the Organization of the Petroleum Exporting Countries said consumption of its crude would not return to 31 million barrels per day (bpd), the level it averaged in 2008 before the economic crisis cut oil use, until 2013........Full Article: Source
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