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OPEC Anticipates Lower Demand for its Crude in 2013
Jul. 11, 2012 03:50PM PST
Resource Investing News Business Week reported that OPEC anticipates lower demand for its crude in 2013 due to global economic slowdown.
Business Week reported that OPEC anticipates lower demand for its crude in 2013 due to global economic slowdown.
As quoted in the market news:
The Organization of Petroleum Exporting Countries, in its first assessment for 2013, estimated its 12 members will need to provide an average of 29.6 million barrels a day, or 300,000 less than the amount required this year.
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