11.04.2013 - OPEC trims oil demand growth forecast; March output drops
OPEC trimmed its estimate for global oil demand growth after the groupís crude production dropped last month. Worldwide oil consumption will rise this year by 800,000 barrels a day, or 0.9 percent, revised down from 840,000 last month, the Organization of Petroleum Exporting Countries said in its Monthly Oil Market Report. Demand will rise to 89.66 million barrels a day in 2013 versus 88.87 million last year, OPEC estimated. The groupís output fell in March as Nigeria, Iran and Kuwait pumped less...............................................Full Article: Source
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