OPEC Cuts Demand Estimate for Its Crude on Recession

(Bloomberg) — The Organization of Petroleum Exporting Countries, supplier of more than 40 percent of the world


OPEC agreed to a record 9 percent reduction in supply targets at its last meeting in December to try to halt the plunging price of oil, which has dropped more than $100 a barrel in New York in the past six months. This week Saudi Arabia, OPEC