| 10.08.2011 - OPEC cuts 2011, 2012 oil demand forecast |
| The OPEC group of petroleum exporting countries slightly lowered its forecast Tuesday for 2011 and 2012 crude oil demand, citing concerns for the economic health of developed countries. In its monthly report, the cartel said demand for crude was expected to reach 88.14 million barrels per day (mbd) in 2011, down from a previous estimate of 88.18..............................................Full Article: Source |