| 30.09.2011 - Oil price forecast cut due to growing supply |
| Morgan Stanley cut its Brent forecast for next year to US$100, down from $130 previously because of increasing supply and a weaker demand outlook. Production capacity in Opec will climb almost 800,000 barrels a day (bpd) next year, led by the return of Libyan fields, said Hussein Allidina, the head of commodities research at Morgan Stanley in New York. Non-Opec output will rise by 225,000 bpd..............................................Full Article: Source |