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OPEC cuts 2020 oil demand forecast again on rising Covid cases — sees slower recovery next year

OPEC cuts 2020 oil demand forecast again on rising Covid cases — sees slower recovery next year

Posted By: Editorial Teamon: November 11, 2020In: BUSINESS, NEWSNo Comments

OPEC on Wednesday trimmed its global oil demand forecasts for the remainder of this year and 2021, citing a weaker-than-expected economic outlook and a surge in coronavirus cases. In a closely watched report, the group of oil-producing nations said it now expects world oil demand to contract by around 9.8 million barrels per day year over […] Read more

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