NEWS： OPEC warns of falling demand for crude oil
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Yesterday, CEO of Arabia state oil company said Saudi Arabia had achieved production targets in September 25th, and crude oil prices fell sharply. But the Organization of Petroleum Exporting Countries (OPEC) may continue to regulate the energy market, as it lowered its crude oil demand forecast for 2019.
OPEC's monthly crude oil market report continues to warn of weak consumption, pointing out that world crude oil demand is expected to be 1.02 million barrels per day in 2019, down 80,000 barrels per day from last month's forecast. Weak global economic growth may force OPEC and non-OPEC member countries to further reduce production. OPEC Secretary-General Balkin said further cooperation is the best way to deal with volatility, which may mean that OPEC will take additional measures to support oil prices.
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