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

Related Post
GENEVA President Donald Trump's top health official said Wednesday that the U.S. and global partners
CAIRO, Egyptian police arrested 21 people for taking part in rare protests against the government's
ORAN, TheAlgerian national hydrocarbon corporation, Sonatrach has signed three agreements here with the Italian energy