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OPEC Sees Demand For Its Oil Stronger Than Expected In 2011

OPEC Sees Demand For Its Oil Stronger Than Expected In 2011
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Δευ, 17 Ιανουαρίου 2011 - 19:09
The Organization of Petroleum Exporting Countries Monday said demand for its oil in 2011 will be stronger than it had expected, a reassessment that may fuel further pressure on the producers' group to formally increase its production ceiling.
The Organization of Petroleum Exporting Countries Monday said demand for its oil in 2011 will be stronger than it had expected, a reassessment that may fuel further pressure on the producers' group to formally increase its production ceiling.

The monthly report comes after the International Energy Agency Monday said the oil producers' group should be "flexible" with its output decisions in coming months, arguing crude prices nearing $100 a barrel threaten to hamper global economic recovery.
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