| 16.01.2009 - OPEC again cuts 2009 world oil demand forecast |
| From Guardian: World oil demand will contract more than expected this year and the weakening economy may further erode consumption, OPEC said on Thursday, building a case for additional supply cuts. In a monthly report, OPEC said it expected demand to fall by 180,000 barrels per day (bpd) in 2009, 30,000 bpd more than its previous forecast. Oil use is declining this year and in 2008, the first drop in more than 20 years..... Full Article: Source |