iBankCoin
Joined Nov 11, 2007
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OPEC Reiterates They are Still Pumping Record Volume

“Europe’s debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday, adding it was still pumping above its target despite a slide in Iranian production.

The Organization of the Petroleum Exporting Countries (OPEC) retained its view that world oil demand will grow by 900,000 barrels per day (bpd) this year, unchanged from last month, but warned the weak pace of growth in developed economies could crimp global appetite for oil….”

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