OPEC cuts forecast for global growth in oil demand in 2008

finfacts.com     May 16, 2008            

The OPEC oil cartel on Thursday reduced its forecast for global growth in oil demand in 2008, in a signal that record oil prices are slowing demand. World oil demand will rise by 1.16 million barrels per day (bpd) in 2008 led by Asia, the Middle East and Latin America, 40,000 bpd less than the... [read full story]                    


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