(Bloomberg) -- OPEC raised its estimate of demand
for its crude oil this year because of lower-than-expected
supply from producers outside the group.
The Organization of Petroleum Exporting Countries raised
its estimate of demand for OPEC crude by 500,000 barrels a day
for the second quarter and increased third- and fourth-quarter
estimates by 100,000 barrels a day. Daily demand for OPEC crude
will average 30.7 million barrels in 2008, versus 30.8 million
in 2007, Vienna-based OPEC said in a monthly report today.
Read more at Bloomberg Energy News
for its crude oil this year because of lower-than-expected
supply from producers outside the group.
The Organization of Petroleum Exporting Countries raised
its estimate of demand for OPEC crude by 500,000 barrels a day
for the second quarter and increased third- and fourth-quarter
estimates by 100,000 barrels a day. Daily demand for OPEC crude
will average 30.7 million barrels in 2008, versus 30.8 million
in 2007, Vienna-based OPEC said in a monthly report today.
Read more at Bloomberg Energy News
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