OPEC slowly understands the impact of deflation

OPEC is trying its best to halt the oil price from collapsing due to softening of demand across the globe. The stealth deflation is the killer. In Japan it is manifesting itself over almost two decades. The same affects the U.S. economy since year 2000. The emerging market economies arte just getting introduced to the deflation disease as people in those countries cannot pay back their massive loans against homes, cars, cell phone – you name it.

The deflation gave rise to lower demand. The trend in oil demand is clearly on the low side. At the same time oil hoarding was so popular that all the oil glut will create a massive trouble for the market prices.
India Daily