Rising Petrol Prices: OPEC’s Negative Demand Outlook Not Helping

Rising Petrol Prices: OPEC’s Negative Demand Outlook Not Helping

Retail prices of fuel in India crossed a life-time high of Rs 90 a litre in Maharashtra on Monday. Coupled with this, the Organization of the Petroleum Exporting Countries’ (OPEC) latest demand outlook is going to further raise problems for the country.

OPEC Raises Forecast Based On US Oil Production

OPEC Raises Forecast Based On US Oil Production

The OPEC oil cartel raised its global production forecast Sunday based on higher-than-predicted US output in a report outlining a long-term rise in net demand, particularly in developing countries.

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