# Arab News | Demand issues ‘to overshadow OPEC+ supply next year’

> The head of Saudi Aramco's trading arm said OPEC+ faces many demand issues before raising supply in January 2021, citing refinery run cuts. Libyan output is expected to rebound to 1 million bpd, and oil prices fell over 4 percent on Wednesday.

- Date: 2020-10-28 · published 2020-10-28T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/50551-arab-news-demand-issues-to-overshadow-opec-supply-next-year
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weak refinery throughput reduces crude demand, while Libyan supply growth adds to bearish pressure on prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- arabnews.com: https://www.arabnews.com/business/demand-issues-to-overshadow-opec-supply-next-year-1755566

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.