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Opec sees more demand for its crude in 2016Opec forecast on Monday that demand for its oil in 2016 would be much higher than previously thought as its strategy of letting prices fall hits US shale oil and other rival supplies, reducing a global surplus. In a monthly report More… |
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Opec sees oil market improving over higher demandOpec sees the oil market improving because of higher demand for the group's crude and a drop in supply growth from non-members, its secretary general said, the latest sign that Opec believes its strategy of defending market share is working. More… |
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Global crude 'demand set to plunge'World oil demand will contract more than expected this year and the weakening economy may further erode consumption, Opec said , building a case for additional supply cuts. In a monthly report, Opec said it expected demand to fall by 180,0 More… |
