OPEC sees 2020 world oil demand falling by 9.46 mbpd



  • Cuts forecast for global demand for its crude by 700K bpd in 2020 and 1.1mln bpd in 2021
  • Oil output rose by 760,000 to 24.05 mlnbpd as OPEC+ eased supply cut
  • Compliance not at 103%

Oil rising higher. Now at 37.27. Probably not as bad as the market was fearing. High compliance is good, especially with compliance normally an issue. 

Let’s block ads! (Why?)

Forexlive RSS Breaking news feed

Leave a Reply

Your email address will not be published. Required fields are marked *