OPEC
Shale Revolution, Slowing Demand Growth Cut Into Call On OPEC
By Rafiq Latta
A combination of surging non-OPEC supply and weaker oil demand growth has prompted OPEC into a radical reassessment of prospects for global demand for OPEC crude. OPEC’s annual World Oil Outlook 2012 (WOO), published on 8 November, projects the 2035 Call on OPEC at 34.9mn b/d under its Reference Scenario, down some 4.4mn b/d from last year’s report.
As in past...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!