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OPEC Sees Demand Slide

By Staff -- Purchasing, 5/3/2007

The organization of Petroleum Exporting Countries now believes that crude oil supply will be sufficient to meet demand this year, dismissing calls for cartel members to pump more crude. OPEC expects demand for its oil in 2007 to be 30.28 million barrels/day, from 30.4 million projected earlier.

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