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OPEC sees stronger oil demand in H2 2013

Posted on 13 June 2013

OPEC’s own production rose by 106,000 bpd in May to 30.57 million bpd led by higher output in Saudi Arabia. World oil demand will grow more quickly in the rest of 2013 than during the first half due to economic recovery and higher seasonal consumption, OPEC said on Tuesday.
The Organization of the Petroleum Exporting Countries in a monthly report forecast world oil demand would expand by 900,000 barrels per day (bpd) in the second half of 2013, up from 700,000 bpd in the first six months………………………………………..Full Article: Source


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