The Organization of Petroleum Exporting Countries Monday said demand for its oil in 2011 will be stronger than it had expected, a reassessment that may fuel further pressure on the producers' group to formally increase its production ceiling.
The Organization of Petroleum Exporting Countries Monday said demand for
its oil in 2011 will be stronger than it had expected, a reassessment that may
fuel further pressure on the producers' group to formally increase its
production ceiling.
The monthly report comes after the International Energy Agency Monday said the
oil producers' group should be "flexible" with its output decisions
in coming months, arguing crude prices nearing $100 a barrel threaten to hamper
global economic recovery.
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