| Global demand for OPEC's crude oil will remain under pressure in the next few years, the producer group said in an internal report, potentially fuelling a debate on its strategy of defending market share rather than prices. The draft report of OPEC's long-term strategy, seen by Reuters, forecasts crude supply from OPEC - which has an output target of 30 million barrels per day (bpd) - falling slightly from 2015's level until 2019, unless output slows faster than expected in rival producers.
OPEC governors, official representatives of the 12 members of the Organization of the Petroleum Exporting Countries, met at the group's Vienna headquarters on Wednesday to approve the final draft of the report...............................................Full Article: Source
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