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Opec signals cheap oil taking longer to subdue rival suppliers

Cartel forecasts higher supplies from non-member countries and no extra demand for its oil this year

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The Organization of the Petroleum Exporting Countries (Opec) on Tuesday raised its forecast of oil supplies from non-member countries in 2015, a sign that crude's price collapse is taking longer than expected to hit US shale drillers and other competing sources.

London

THE Organization of the Petroleum Exporting Countries (Opec) on Tuesday raised its forecast of oil supplies from non-member countries in 2015, a sign that crude's price collapse is taking longer than expected to hit US shale drillers and other competing sources.

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