Business
OilOPEC expects decline in demand for oil from its member-states in 2015 to 28.8 mln bpd
Organization of the Petroleum Exporting Countries expects decline in demand for oil from organization’s member-states in 2015 by 100,000 barrels per day to 28.8 million barrels, the world oil cartel said in its January outlook released on Thursday.
OPEC’s oil output expanded by 140,000 bpd in December 2014 after Iraq boosted crude production by 285,100 bpd.
The global oil demand forecast has been raised for 2015 to 92.3 million barrels per day from 92.26 million bpd.
As for the US oil output forecast for 2015, it has been raised to 13.81 million bpd from 13.72 million bpd.
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