Agence France-PresseJanuary 16, 2014 08:47
Oil cartel OPEC slightly nudged up its world oil demand growth forecasts for 2013 and 2014 on Thursday, citing positive developments in Europe and North America.
For 2013, the 12-member Organization of Petroleum Exporting Countries estimated demand at 89.86 million barrels per day (mbd), up 0.94 mbd from demand in 2012.
In its previous monthly report in December, growth had been forecast at 0.87 mbd.
The revision was helped by the US economic recovery and hikes in industrial and transportation fuel consumption there, OPEC said.