New OPEC outlook predicts oil demand slump in 2020

OPEC expects oil demand to decline in 2020. The prognosis supports the prospect of member states deciding to limit oil supply at next month's meeting in Vienna.
Photo: Hasan Jamali/AP/Ritzau Scanpix
Photo: Hasan Jamali/AP/Ritzau Scanpix

Oil prices fell in aftermarket trading Thursday evening CET – but surged again Friday morning. This is tied to a 2020 demand prognosis from the Organization of Petroleum Exporting Countries (OPEC), Reuters reports.

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