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Oil demand outlook trimmed, OPEC squeezed

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(Globalpost/GlobalPost)

World oil demand is set to lose some momentum in line with unsteady economic growth, the IEA said on Friday while spotlighting threats to OPEC from shale energy and unrest.

The International Energy Agency trimmed slightly its outlook for growth of global oil demand this year and next in line with a downgrading of economic growth forecasts by the International Monetary Fund.

hd/boc

http://www.globalpost.com/dispatch/news/afp/130809/oil-demand-outlook-trimmed-opec-squeezed