What is the meaning of the word "relative" in this sentence?

Posted by admin on February 19th, 2010 and filed under global oil production | 2 Comments »

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In a Deferred Investment Case, lower OPEC crude oil production, partially offset by increased non-OPEC production, pushes oil prices up by one-third, trimming global oil demand by 7 mb/d, or 6% in 2030 *relative* to the Reference Scenario.

in relation to, that means the first part can happen if the second part comes through

2 Responses

  1. halifax78 Says:

    In relation to.
    References :

  2. Mariposa Says:

    in relation to, that means the first part can happen if the second part comes through
    References :

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