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OPEC: China leads in oil demand growth

Posted on 12 April 2013

U.S. oil demand is expected to trend lower in 2013 while China will account for much of the oil demand growth, OPEC said in its monthly report.
The Organization of Petroleum Exporting Countries said in its report for April that the U.S. economy was on the road to recovery. It said first quarter economic growth was around 2.5 percent to 3 percent. The cartel said, however, that the forecast for crude oil demand was uncertain because of budgetary concerns in the United States……………………………………..Full Article: Source


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