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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC expects global oil demand to reach 88.87 mbpd this year

Posted on 11 April 2013

OPEC kept its world oil demand forecasts for 2012 and 2013 virtually unchanged yesterday, with China expected to contribute the most to growth while industrialized countries appeared to be headed for a decline.
The Organisation of Petroleum Exporting Countries (OPEC) expects world demand to reach 88.87 million barrels per day (mbpd) this year, slightly higher than its previous forecast in March of 88.83 mbpd. This would represent a hike of 770,000 bpd from the revised figure for 2011, the organization said in its latest monthly report………………………………………..Full Article: Source

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