Opec Cuts Oil Demand Forecast Again on Global Economic Gloom

摘要

Opec remains fairly pessimistic about theoutlook for the world economy, causing it totrim its forecasts for global oil demand again.In the October edition of its Monthly OilMarket Report, Opec predicts global oil de-mand of 87.8 million barrels per day for2011, representing an increase of 900,000b/d over 2010. Last month, Opec had pre-dicted global oil demand would grow by1.1 million b/d this year (IOD Sep.13’11).