OPEC

 

Demand For OPEC Crude Revised Down Again

 

Another month, another downward revision. Forecasted global demand for OPEC crude took yet another hit this week, as both the International Energy Agency (IEA) and OPEC adjusted downwards their respective estimates for the call on OPEC crude for both this year, and next.

This comes as non-OPEC supplies – particularly from the US and Canada – continue to ramp up and dent OPEC’s share of the global oil market...