OPEC cuts demand forecast for its crude

Producing predictions: OPEC expects rival demand to rise further next year

OPEC has maintained its forecast for 1.04 million-barrel daily demand growth next year, but further cut its expectations for its own oil amid expanding non-OPEC supplies.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?