OPEC boosts oil demand estimate as Iraq pumps most since 1980

Filed under: Company News,Oil |

The Organization of Petroleum Exporting Countries (OPEC) bolstered forecasts for the amount of crude it will need to provide this year as the economic recovery stokes global fuel consumption. Iraq, its second-largest member, pumped the most oil since 1980. OPEC, responsible for 40 percent of the world’s oil supply, said its 12 members will need…

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