In its World Oil Outlook 2008, released in Vienna overnight, the Organisation of the Petroleum Exporting Countries (OPEC) predicted demand for crude would fall to as little as 31 million barrels a day in 2012, a figure below 2006 output.
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OPEC: Crude Demand To Decline
The global oil cartel OPEC has predicted a drop in demand for crude as motorists were today threatened
The global oil cartel OPEC has predicted a drop in demand for crude as motorists were today threatened with the prospect of paying $8 a litre for petrol within 10 years.
The reports came as prices at the pump in many major cities hovered near record highs of $1.75 a litre.
In its World Oil Outlook 2008, released in Vienna overnight, the Organisation of the Petroleum Exporting Countries (OPEC) predicted demand for crude would fall to as little as 31 million barrels a day in 2012, a figure below 2006 output.
In its World Oil Outlook 2008, released in Vienna overnight, the Organisation of the Petroleum Exporting Countries (OPEC) predicted demand for crude would fall to as little as 31 million barrels a day in 2012, a figure below 2006 output.
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