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OPEC sees lower 2020 demand for its oil, points to surplus

FILE PHOTO: Police guard the headquarters of the Organisation of the Petroleum Exporting
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LONDON (Reuters) - OPEC on Thursday forecast world demand for its crude will decline next year as rivals pump more, pointing to the return of a surplus despite an OPEC-led pact to restrain supplies.Giving its first 2020 forecasts in a monthly report, the Organization of the Petroleum Exporting Countries said the world would need 29.27 million barrels per day (bpd) of crude from its 14 members next..
Date Published: Jul 11, 2019
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