GasBuddy News Article

votes

OPEC raises 2010 oil demand forecast

THE HOUSTON CHRONICLE -- CHRON.COM -- Associated Press -- CAIRO -- OPEC has raised its projections for oil demand growth this year by 100,000 barrels per day, but stresses that gains could be eroded if the U.S. government scales back on stimulus efforts before the country's economy fully recovers.

The Organization of the Petroleum Exporting Countries said in a report released today that world oil demand was projected to climb to almost 900,000 barrels per day, or 100,000 barrels a day more than its February projection.

But the 12-member group that supplies about 35 percent of the world's crude cautioned that the recovery was tied to that of the global economy. It warned that demand growth could falter should governments scale back on stimulus efforts too quickly.

OPEC is scheduled to meet March 17.

[END OF ARTICLE]

Read the Full Article

Submitted Mar 10, 2010 By: SUVFan

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics Post New Topic

Author	Topic: OPEC raises 2010 oil demand forecast	Post a Reply Back to Topics

REPLIES (newest first)

First Prev

Last

GasitupJB Champion Author Columbia Posts:3,748 Points:567,850 Joined:Sep 2005	Message Posted: Mar 10, 2010 4:34:20 PM Ignore GasitupJB Report Abuse ditto
NurseKitty Rookie Author Arizona Posts:48 Points:68,135 Joined:Feb 2010	Message Posted: Mar 10, 2010 4:32:50 PM Ignore NurseKitty Report Abuse raise them prices
jjw0608 Champion Author Milwaukee Posts:3,372 Points:1,000,320 Joined:Nov 2005	Message Posted: Mar 10, 2010 4:32:50 PM Ignore jjw0608 Report Abuse And so the price of gas goes up!
in4ster Rookie Author Tallahassee Posts:48 Points:194,535 Joined:May 2006	Message Posted: Mar 10, 2010 4:32:45 PM Ignore in4ster Report Abuse Looks like a feeble attempt to increase prices by those who would profit from rising prices.
arinkrat17 Champion Author Twin Cities Posts:1,477 Points:361,540 Joined:Aug 2009	Message Posted: Mar 10, 2010 4:31:49 PM Ignore arinkrat17 Report Abuse they want any kind of excuse to raise prices at the pumps
Plebe2001 Champion Author Philadelphia Posts:2,256 Points:406,150 Joined:Jul 2008	Message Posted: Mar 10, 2010 4:30:39 PM Ignore Plebe2001 Report Abuse Estimates, what are they worth? Not much these days.
camel1 Champion Author Minnesota Posts:3,785 Points:1,327,500 Joined:Jul 2006	Message Posted: Mar 10, 2010 4:14:23 PM Ignore camel1 Report Abuse they have been wrong before!! let's make them wrong again
abcdMA Champion Author Worcester Posts:3,124 Points:619,005 Joined:Nov 2008	Message Posted: Mar 10, 2010 4:10:31 PM Ignore abcdMA Report Abuse keep demand down
ang2010 Veteran Author New York Posts:322 Points:77,175 Joined:Feb 2010	Message Posted: Mar 10, 2010 4:08:35 PM Ignore ang2010 Report Abuse What ever