Wednesday, July 18, 2012

Oil demand set to slump by 2013

World oil demand growth will slow in 2013 from the already weak 2012, The Organisation of the Petroleum Exporting Countries (OPEC) said, citing Europe's debt worries, a faltering US economic recovery and deceleration of growth in emerging markets.

OPEC,which produces a third of global oil, said daily average demand for its crude in 2013 would stay below its current production levels
Copyright 2012 Al Hilal Publishing & Marketing Group

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Source: http://www.albawaba.com/business/oil-demand-434115

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