OPEC Cuts Global Oil Demand Forecast, Sees U.S. Growing 1.8% In 2012 |
| October 11, 2011 | October 2011 Bond Updates |
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Estimates for crude oil demand in 2011 and 2012 were once again downgraded by the world’s largest oil cartel, the Organization of Petroleum Producing Countries (OPEC). In their latest oil market report, OPEC lowered its forecasts for the global economy and the U.S., while they expect softness in 2012 oil demand to outpace the slowdown in supplies, putting further pressure on prices. |
| View more at: http://www.forbes.com/sites/afontevecchia/2011/10/11/opec-cuts-global-oil-demand-forecast-sees-u-s-growing-1-6-in-2012/ |
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