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Tuesday, November 18, 2008

Lower 2009 Oil Demand Forecast

OPEC Lowers 2009 Oil Demand Forecast for Third Month in A Row

The Organization of the Petroleum Exporting Countries (OPEC) on Monday lowered its estimate for global oil demand growth in 2009 for the third straight month, citing the downturn of highly industrialized economies. In its latest monthly oil market report, the Vienna-based organization forecast 86.68 million...

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