Opec sees lower 2016 demand for its oil, pointing to higher surplus

  1. Context: Falling crude oil prices in global market
  2. News: The Organization of the Petroleum Exporting Countries predicted global demand for its crude oil will be less in 2016
  3. Reason: The supply from producers outside OPEC is more resilient to low prices and they have started cutting production
  4. OPEC sees considerable uncertainty for 2016 in Europe
Oil and Gas Sector – HELP, Open Acreage Policy, etc.
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