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Commodities Briefing - Categorized | Market Moves, Oil more

Opec: Demand growing quicker than predicted

Posted on 14 February 2014

Opec has announced that global energy demand is growing faster than predicted, according to Reuters. Opec are now forecasting that global demand will increase by 1.09 million barrels per day (bpd) in 2014, up around 40,000 bpd from previous estimates.
Opec has become the second major forecaster to revise its estimates this week, after the US’s Energy Information Administration revised its estimates for 2014 by a similar amount………………………………………..Full Article: Source


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