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Opec lowers demand forecast
- Saudi Arabia: Saturday, March 18 - 2006 at 08:22
Opec has reduced its demand forecast for oil and expects global refining margins to rebound in the coming months, reported Bloomberg. The cartel's latest bulletin predicts 84.5m bpd demand, down 100,000 bpd on a month ago. Refinery capacity will rise by 850,000 bpd, about half the forecast rise in world demand.
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Peter J. CooperSaturday, March 18 - 2006 at 08:22 UAE local time (GMT+4)
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