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Commodities Briefing - Categorized | Market Moves, Oil more

EIA cuts 2014 global oil demand outlook, raises non-OPEC supply

Posted on 09 October 2013

The U.S. Energy Information Administration said global oil markets would be better supplied in 2014 than previously forecast, according to its revised outlook on Tuesday.
In its October Short Term Energy Outlook, the EIA projected oil demand growth next year would be 1.17 million barrels per day, a reduction of 20,000 bpd from the September forecast. Growth in supply of non-OPEC oil was revised up by 50,000 bpd to 1.5 million bpd in 2014………………………………………..Full Article: Source


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