OPEC sees higher oil demand H2; hold informal meeting September

OPEC sees higher oil demand in H2 as market rebalances

Higher oil demand is expected in the 3rd and 4th quarters, OPEC's president said Monday.

Mohammad bin Saleh Al-Sada said recent decline in oil prices temporary.

The current bear market is only temporary, OPEC said. Oil prices will rise during later part of 2016.

OPEC to hold informal meeting in Algeria 26-28 September on sidelines of International Energy Forum.

Source: Investing.com