Middle East Economic Survey
VOL. LII
No 28
13-Jul-2009
OPEC
OPEC Slashes Demand Forecasts
The global economic recession and new energy policies being implemented by consumer countries are driving a fundamental and far-reaching transformation of the world oil market, warned OPEC officials at the 8 July launch of the organizations World Oil Outlook (WOO) and Annual Statistical Bulletin 2008. The long-term impact of these changes is hard to quantify, the WOO said, but one thing is clear demand will...
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