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Demand for OPEC oil to fall in 2013, El-Badri says

Posted on 05 April 2013

Demand for oil from members of the Organization of the Petroleum Exporting Countries is likely to fall in 2013 as a result of economic weakness in the European Union and reduced demand from the U.S., the group’s secretary-general said Thursday.
Abdalla Salem el-Badri said demand for OPEC oil is likely to fall by between 200,000 and 300,000 barrels a day to 29.7 million barrels a day. Overall global demand for oil should rise by about 800,000 barrels a day led by economic growth in the likes of China and India, he said………………………………………..Full Article: Source


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