Middle East Economic Survey
VOL. LIV
No 42
17-Oct-2011
OPEC Revises Down 2H11 Demand Projection
OPEC has revised down projections for global demand growth in 2011 by 180,000 b/d and shaved off its projection for demand growth next year. But the headline annual figures mask a major downgrade to OPECs view on demand for the second half of the year, with drops of 440,000 b/d and 330,000 b/d to third and fourth quarter projected demand, the latest OPEC Monthly Oil Market Report (MOMR) shows.
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