Low Oil Prices to Hit Non-OPEC Output, Boost Demand in 2016Source: El Masry Al Youm 9/11/2015, Location: Egypt |
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Low crude oil prices will lead to a pick up in demand and next year may cause the biggest drop in non-OPEC output in nearly a quarter of a century, the IEA said.
With global oil prices now under $50 per barrel, the International Energy Agency said it sees demand rising from 94.4 million barrels per day this year to 95.8 next year, while non-OPEC output may fall by nearly half a million barrels per day. For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects |
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