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Top forecasters cut 2013 oil demand growth estimates

Posted on 12 April 2013

The world’s top oil forecasters this week all cut their 2013 oil demand forecasts due to subdued economic growth, with the figures showing increasing similarity in the views of producers and consumers.
The International Energy Agency (IEA) on Thursday trimmed its global oil demand growth estimate, which followed similar moves by the U.S. Energy Information Administration (EIA) and the Organization of the Petroleum Exporting Countries (OPEC). A growing resemblance in the outlook of the IEA, which represents 28 industrialised countries, and producer group OPEC contrasts with past disagreements……………………………………..Full Article: Source


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