World oil demand has overcome earlier expectations of a declining momentum and moved to a more stabilized trend, supported by the summer driving season, the summer heat, and the continued shutdown of most of Japan’s nuclear capacity.
As a result, the forecast for global oil demand growth in 2012 remains unchanged at 0.9 mb/d, the Organization of Petroleum Exporting Countries (OPEC) said Wednesday in its “Monthly Oil Market Report” for the month of August 2012...............................................Full Article: Source
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