OPEC sees lower 2020 demand for its oil; cuts supply forecast for non-cartel peers (marketwatch.com)

OPEC expects that world demand for its crude oil will decline next year as rivals, including the U.S., pump more, a downgraded view that comes even as the cartel and its allies have extended a strategy to restrain supplies.

The Organization of Petroleum Exporting Countries says demand for its crude is expected to average 29.3 million barrels per day in 2020, down by around 1.3 mb/d from 2019.
more detail at: https://www.marketwatch.com/story/opec-sees-lower-2020-demand-for-its-oil-cuts-supply-forecast-for-non-cartel-peers-2019-07-11?mod=hp_LATEST

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