OPEC Confident Global Oil Demand Will Stay Strong
Zero Hedge -

Authored by Tsvetana Paraskova via OilPrice.com,

An OPEC technical panel has found that global oil demand is on pace to stay strong in the second half of this year, suggesting that the oil market could comfortably absorb a production increase without sending oil prices plummeting, Reuters reported on Tuesday, citing three OPEC sources.

A technical panel - a kind of economic body within OPEC - met on Monday to take stock of the oil market situation and to prepare a report for the ministers of...


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