On 11 October, the Organization of Petroleum Exporting Countries (OPEC) said that global oil demand will grow at a lower rate next year than previously forecast. Pointing to a dimming outlook for the world's economic growth, OPEC said that oil demand would increase 1.19 million barrels per day, compared to the previously projected 1.27mn barrels per day, the Vienna-based group said in its latest monthly report.
"Uncertainty in the world economy has dimmed the eco...
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