| OPEC's new medium-term forecasts point to higher demand for the group's oil, OPEC delegates said, a sign that its strategy of letting prices fall is discouraging supplies from competing producers. The forecasts, to be published in OPEC's World Oil Outlook later this year, are expected to be discussed on Thursday during the second day of a meeting of OPEC's national representatives taking place at its Vienna headquarters.
"The new medium-term numbers show a higher demand for OPEC crude," said one OPEC delegate, who added that oil prices are assumed to be lower than previously. "There is an impact on higher-cost producers." ..............................................Full Article: Source
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