From AFP:OPEC again revised down its estimate for world crude demand on Wednesday, saying a "devasting contraction" in consumption would keep prices under pressure in the months ahead.
"In the coming months, the market is expected to remain under pressure from uncertainties in the economic outlook, demand deterioration and the substantial overhang in supply," the Organization of Petroleum Exporting Countries wrote in its latest monthly report.
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My Comment: This is going to make a number of countries and their leaders very nervous. i.e. Russia, Iran, Venezuela .... you get the picture.
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