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Opec trims 2009 demand forecast
- Middle East: Wednesday, September 17 - 2008 at 07:59
Opec has lowered its forecast for 2009 oil demand as the global economic slowdown cuts fuel consumption, reported Bloomberg. The 13-member group reduced its forecast for average oil consumption next year to 87.66 million barrels a day, compared with an estimate last month of 87.80 million barrels. Opec also cut its forecast for demand this year by 120,000 barrels a day.
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Jeff Florian, Senior ReporterWednesday, September 17 - 2008 at 07:59 UAE local time (GMT+4)
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