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Oil prices appreciate as OPEC predicts decline in 2020 demand
OPEC said there will be a decline in demand in its monthly report for September, released on Monday.
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OPEC said there will be a decline in demand in its monthly report for September, released on Monday.
![Crude oil extraction [Photo credit: Bloomberg]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2015/08/crude-oil-extraction-e1439318146447.jpg?fit=977%2C555&ssl=1)
Oil use in passenger cars is, however, seen peaking in the late 2020s as drivers switch to electric vehicles.