OPEC Sees Oil Demand Decline Again

Demand for crude oil from OPEC countries is expected to decline again next year, as independent producers, especially the United States, increase their supplies.

Times are gradually changing for OPEC, the Organization of Oil Exporting Countries. Its own surveys show how the global market is shifting as oil production increases.

“They calculate supply from non-OPEC producers and they calculate global demand and as a result they calculate what’s left of the pie for OPEC. The problem is …

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