OPEC raises oil demand hopes for members but slashes US and Russian supply forecasts
- 9 years ago
OPEC has upped its forecast for oil demand in 2015.
The Organisation of the Petroleum Exporting Countries says it expects an increase in sales of 430,000 thousand barrels a day.
It figures that it will sell 29.1 million barrels of oil a day for the coming year.
On the other hand OPEC lowered its forecast for non-members it predicts falls in oil production in the United States likewise in Russia.
OPEC anticipates output to drop in Middle Eastern producers that are non-OPEC members.
The Organisation of the Petroleum Exporting Countries says it expects an increase in sales of 430,000 thousand barrels a day.
It figures that it will sell 29.1 million barrels of oil a day for the coming year.
On the other hand OPEC lowered its forecast for non-members it predicts falls in oil production in the United States likewise in Russia.
OPEC anticipates output to drop in Middle Eastern producers that are non-OPEC members.