Tue, Jul 29, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves, Oil, Research more

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


 Article link

This post was written by:

VRS - who has written 36171 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031