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OPEC forecasts “growing” oil demand despite recent price dips

Posted on 14 November 2013

Agence France-Presse reported Tuesday that the Organization of Petroleum Exporting Countries (OPEC) has increased its 2013 forecast for oil demand growth based on ” expectations of better-than-expected improvement” within developed country economies.
OPEC’s November monthly report projected that demand would increase slightly from October to 89.78 million barrels per day (mbpd). The slight 0.04 mbpd increase is allegedly a result of increase demand in Europe and North America, while non-OECD countries’ demand has slightly declined………………………………………..Full Article: Source


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