Global Oil Demand to Rise in 2016: OPEC
OPEC on Monday revised upward its forecast for global crude oil de mand growth for this year and predicted a further increase for 2016.
By ET Bureau | Updated:
VIENNA: OPEC on Monday revised upward its forecast for global crude oil demand growth for this year and predicted a further increase for 2016.
But OPEC warned that oil output would also continue to increase this year, which means the current supply glut and low prices may stay until next year.
But OPEC warned that oil output would also continue to increase this year, which means the current supply glut and low prices may stay until next year.
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