| From Industrysearch.com: OPEC trimmed its forecasts for global oil demand on Friday, predicting that consumption would contract by a bigger-than-expected 0.67 per cent in 2009 as a result of the "economic depression" in industrialised countries.
"World oil demand continues its steep decline from last year and is expected to follow this strong negative pattern at least for the first three quarters of the year," the Organisation of Petroleum Exporting Countries wrote in its latest monthly report..... Full Article: Source
|