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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC sees faster oil demand growth in 2014

Posted on 11 July 2013

World oil demand will pick up at a faster rate in 2014, the oil exporting cartel OPEC said, but also warned of the potential impact of economic troubles in Europe, the US and China.
In 2014, oil demand will average 90.68 million barrels per day (mbd), up from a revised 2013 estimate of 89.64 mbd “partially on the back of an improvement in global economic growth,” OPEC said in its monthly report. This would represent the biggest increase in demand since 2010, the Organisation of Petroleum Exporting Countries added………………………………………..Full Article: Source


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