• Demand for more oil ‘does not exist’

  • http://www.ameinfo.com/news/Energy__Oil_and_Gas/

  • Opec President Chakib Khelil said oil producers cannot raise output without demand for extra oil supply, and at the present time that demand does not exist, reported Reuters. He said supply and demand was balanced and prices would remain high until the end of the year due to speculation, developments in the dollar and possible policy decisions by the European central bank.

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