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Commodities Briefing - Categorized | Oil, Trading more

OPEC raises 2013 estimate for world oil demand

Posted on 14 February 2013

Global demand for oil will grow more than previously expected, the Organization of the Petroleum Exporting Countries said in its monthly report released on Tuesday. OPEC raised its 2013 forecast for the growth in total world oil demand to 840,000 barrels per day from its previous estimate of 760,000 barrels per day, citing signs of economic recovery and colder weather, with the majority of growth coming from China.
The group further said that it expected demand for its own crude to fall by 300,000 barrels a day in 2013 compared to last year………………………………………..Full Article: Source


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