OPEC/SUPPLY DEMAND

 

OPEC Keeps Steady Hand Despite Worsening Indicators

OPEC kept its demand and economic growth projection for 2012 largely unchanged, despite falling prices and deteriorating economic conditions in the Eurozone with all their implications for demand growth, the organization’s latest Monthly Oil Market Report shows. The forecast for 2012 economic growth at 3.3% is unchanged and considerably higher than the 2.5% projected by the World...