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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC says 2013 oil demand may underperform

Posted on 12 November 2012

World oil demand growth could fall short of forecasts next year, exporter group OPEC said on Friday, citing Europe’s troubled economy and the risk of weakness in faster-growing regions such as China and India.
The Organization of the Petroleum Exporting Countries, in a monthly report, left its forecast for growth in world demand in 2013 almost unchanged, reducing it by 10,000 barrels per day (bpd) to 770,000 bpd. But it said a larger reduction may follow………………………………………..Full Article: Source


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