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Pulling Back: OPEC Predicts the World Needs Less of Its Oil

Feb.12 -- OPEC predicts the world doesn’t need as much of its oil in 2019 as it thought, so the cartel has revised that number down by 240,000 barrels a day to just under 30.6 million barrels for the year. The news may come as no surprise as global demand cools and as U.S. shale production rises. Bloomberg’s Ramy Inocencio reports on “Bloomberg Daybreak: Asia.”

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