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Opec cuts demand estimates
- Saturday, January 20 - 2007 at 08:13
Opec has cut its forecast for this year's world oil demand growth to 1.5% from 1.6%, Reuters reported. The group said in its monthly report that demand will reach 85.39m bpd in 2007. The Paris-based International Energy Agency, which advises oil consuming countries, had earlier cut its demand growth estimate to 1.6% from 1.7%.
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James McInerney, News EditorSaturday, January 20 - 2007 at 08:13 UAE local time (GMT+4)
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This article was updated on Wed Mar 28 2007.
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