OPEC Cuts Oil Demand Growth Forecast

- August 9th, 2011

LA Times reports that OPEC cut its forecast for global oil demand growth in 2011.

LA Times reports that OPEC cut its forecast for global oil demand growth in 2011.

The market news is quoted as saying:

World oil demand will increase by 1.21 million barrels per day in 2011, OPEC said, 150,000 bpd less than expected last month.

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