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OPEC secretary general ‘comfortable’ with 2014 oil outlook

Posted on 02 October 2013

OPEC’s Secretary General said he was comfortable with the market outlook for 2014 and a forecast drop in demand for OPEC oil was not large, indicating the group may not make big changes to output policy at a December meeting.
The Organization of the Petroleum Exporting Countries expects demand for its crude to fall to 29.61 million barrels per day (bpd) in 2014, down 320,000 bpd from 2013, due to rising supply outside the producer group………………………………………..Full Article: Source


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