The coming US dollar crisis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LTK007 who wrote (8030)	6/13/2008 7:53:42 AM
From: RockyBalboa	Read Replies (1) of 71463

More believers in Peaked Oil theory > OPEC slashes 2008 demand forecast on slow economic growth Fri, Jun 13 2008, 11:26 GMT afxnews.com LONDON (Thomson Financial) - Slow economic growth in the United States and record high oil prices will hinder demand for crude in the second half of this year, said OPEC in its latest monthly report. The cartel, responsible for pumping well over a third of global output, slashed its 2008 demand forecast by 60,000 barrels per day from last month's estimate to 86.9 million barrels per day. "The slowing U.S. economy and the current price environment will affect oil demand not only in the U.S. but also across the OECD in the second half of this year," said OPEC's in house analysts. "Emerging economies are expected to show healthy growth in oil demand for the rest of the year. Despite the recent removal of price subsidies in some Asian countries, non OECD demand is expected to partially offset the decline in the U.S., Europe, and the Pacific," they added. anealla.safdar@thomsonreuters.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next