OPEC cuts global oil demand forecasts
OPEC has reduced its demand forecasts for the rest of 2011 and 2012 as global economy weakens.
Published 19-Oct-2011
OPEC has reduced its demand forecasts for the rest of 2011 and 2012 as global economy weakens.
An International Energy Agency report say the outlook for oil and natural gas markets remains uncertain in the mid-term.
Crude prices reach 18-month high; Opec supports price hike and Brazil; Petrobras strengthens Asian exports; Denbury makes $900m sale; and Shell and Chevron celebrate deepwater success.
US base oil and Opec production falls; BP find strength in depth; Libya has a new oil minister and China talks to Uganda.
As oil prices rose throughout June, there was drama caused by a 'rogue' speculator and an interesting exchange of views on mid-term oil investments between OPEC and IEA's former Deputy Executive.