OPEC And IEA Trim Demand Forecasts On Weaker Than Expected Data
Both OPEC and the International Energy Agency (IEA) have trimmed their demand expectations in the latest monthly forecasts. In its Monthly Oil Market Report (MOMR), published on 10 April, OPEC revises 2013 global demand growth downwards by 40,000 b/d to 800,000 b/d. The IEA’s Oil Market Report of 11 April keeps its 2013 demand growth figure “little changed” at 795,000 b/d, but revises global oil...
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