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OPEC raises oil demand forecasts
- Middle East: Wednesday, September 16 - 2009 at 09:42
OPEC has raised its global demand forecast for 2010 by 150,000 barrels a day and 2009 by 140,000 barrels a day on expectations of economic growth. The group now predicts that consumption will contract 1.8% this year to average 84.05 million barrels a day, only to expand 0.6% in 2010 to 84.56 million a day. Oil prices around $70 a barrel 'are likely to persist', OPEC's Vienna-based secretariat said in its monthly market report.
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StaffWednesday, September 16 - 2009 at 09:42 UAE local time (GMT+4)
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