Oil slips as Opec predicts sharper than expected fall in demand

Comments from producer group offsets larger than expected fall in US inventories

Reaction: prices slip following a report from Opec indicating oil demand will fall more sharply than expected in 2020 — Reaction: prices slip following a report from Opec indicating oil demand will fall more sharply than expected in 2020Photo: AP/SCANPIX

Reuters

production Opec USA Avtar Sandu EIA

Published 13 August 2020, 06:19Updated 13 August 2020, 06:19