“In its monthly Oil Market Report released today, OPEC projects that demand for crude would rise by an average of 900,000 barrels/day in 2012 and that growth would decline to 800,000 barrels/day in 2013. Expected demand for crude in 2013 totals 89.5 million barrels/day, of which demand on OPEC totals 29.6 million barrels/day. The cartel estimates 2012 demand of 88.68 million barrels/day, up 1% from 2011.”
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