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OPEC Cuts Forecast for US Oil-Supply Growth After Price Rout

2015-02-09 16:17:00| Oil & Gas - Topix.net

OPEC cut forecasts for global oil-supply growth in 2015 as U.S. drillers lead a slowdown in drilling after last year's price collapse. The Organization of Petroleum Exporting Countries lowered its estimate for non-OPEC supply growth by about 400,000 barrels a day, led by a reduction of 130,000 a day in the U.S. Estimates for Colombia, Canada and Yemen were also trimmed.

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