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OPEC boosts 2015 oil demand forecast following ‘swift’ recovery

Posted on 09 November 2011

The Organization of Petroleum Exporting Countries raised estimates for global oil demand to 2015 after a swifter-than-expected economic rebound.
Worldwide consumption will increase by 5.3 percent to 92.9 million barrels a day in the next four years, led by emerging Asian economies, OPEC said today in its annual World Oil Outlook. The 2015 estimate is 1.9 million barrels more than last year’s forecast. Still, Europe’s debt crisis and slowing U.S. growth pose risks, the group said………………………………………..Full Article: Source


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