OPEC Voices Cautious Optimism Over 2H13 Demand
OPEC is forecasting an upturn in global economic growth in the second half of the year, and has adjusted upwards – albeit slightly – earlier forecasts for the Call on its crude over this period. Lingering signs of fragility in the global economy however could yet upset the balance in the global oil market, and potentially derail any kind of anticipated recovery.
At 780,000 b/d, projected 2013...