Oil and Gas Sector – HELP, Open Acreage Policy, etc.

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
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