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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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OPEC cuts its forecast for oil demand in 2020 and urges to seek a new glut

rocky
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OPEC cuts its forecast for oil demand in 2020 and urges to seek a new glut Empty OPEC cuts its forecast for oil demand in 2020 and urges to seek a new glut

Post by rocky Wed 11 Sep 2019, 6:43 am

OPEC cuts its forecast for oil demand in 2020 and urges to seek a new glut

OPEC cuts its forecast for oil demand in 2020 and urges to seek a new glut 17035



OPEC on Wednesday lowered its forecast for global oil demand growth in 2020 due to an economic slowdown, which the organization says it highlights the need for ongoing efforts to prevent a new glut.
In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) trimmed its forecast for world oil demand growth next year by 60,000 bpd to 1.08 million bpd, suggesting the market could see a surplus.
Weaker prospects in light of the trade dispute between the United States and China and Britain's exit from the European Union could reinforce the case for the organization and its allies, including Russia, to maintain their policy of cutting or adjusting production.


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