WKYT | Lexington, Kentucky | News

OPEC: Demand for crude down this year

VIENNA (AP) - OPEC expects less demand for its oil this year, reflecting a world economy that's still struggling.

The Organization of the Petroleum Exporting Countries forecasts that it will need to put 100,000 barrels less crude on the market in 2010 that it did last year.

The estimate was contained in OPEC's monthly oil report, published Wednesday. It said daily demand for OPEC oil will likely be 28.8 million barrels this year.

The report also said demand in 2009 contracted by 2.3 million barrels a day compared to 2008, before the recession fully hit.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 90826989 - wkyt.com/a?a=90826989