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Opec may cut world oil demand forecast for 2013
- Middle East: Saturday, August 11 - 2012 at 12:56
Opec has said it may have to reduce its forecast for growth in world oil demand in 2013 by 20%, but left its forecast unchanged from its estimate last month, Reuters has reported. Demand will expand by 810,000 barrels per day (bpd) next year, although the odds suggest oil use could undershoot that figure, it said. "The downward risk potential has greater probability in the forecast than the upward risk one," Opec said in its monthly report.
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StaffSaturday, August 11 - 2012 at 12:56 UAE local time (GMT+4)
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