OPEC Reserves

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Title: OPEC Reserves

Essay Details:

Subject: Business

Author: John W

Date: April 21, 2016

Level: University

Grade: A

Length: 2 / 384

Essay text:

That will average 87.80 million bpd, which is the same forecast as of last month's. Oil demand in the US was invulnerable for quite a while because of its slow economy and the high oil prices. US's oil demand fell by 3.5 percent that causes a loss of 0.7 million bpd. On the other hand, oil demand growth was visible in China, the Middle East and Asia during the summer. This oil demand growth added a value of 1.2 million bpd but it was still not enough to keep the OECD oil demand on track. The OPEC report has recently announced that the oil demand growth in the Middle East reached 0.33 million bpd in the second quarter...

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