OPEC

 

OPEC Holds Firm On 2013-14 Call On Its Crude

 

An uptick in world economic growth, both this year and next, will see global oil demand increase by more than previously estimated, primarily driven by stronger demand growth in OECD countries and Africa, OPEC says in its latest Monthly Oil Market Report (MOMR). Yet, despite this increase, the producer group expects global demand for its crude to remain steady, as non-OPEC supplies come into world oil markets at a faster...