OPEC sees higher demand balancing markets
OPEC Secretary General El-Badri

OPEC Secretary General Abdalla Salem El-Badri said the organization does not expect prices to fall any lower as demand picks up in 2016 and continues to grow through the end of the decade. “The balance of supply and demand must be brought into line by the market,” said a joint statement from El-Badri and Russian Energy Minister Aleksandr Novak after a meeting between the two, reports RT.

The global demand will increase by 7%-11% a year until 2020, said Novak, and w...

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