Agence France-PresseAugust 9, 2013 07:50
The OPEC cartel tweaked higher its forecasts for world oil demand for 2013 and 2014 on Friday following a stronger-than-expected first half of the year.
The Organization of the Petroleum Exporting Countries now expects 2013 world oil demand to average 89.7 million barrels per day (mbd), it said in its new monthly report for August, up from 89.6 mbd last month.
For next year, OPEC, whose members pump about 35 percent of the world's supply of crude, expects global oil demand of 90.8 mbd, up slightly from its previous projection of 90.7 mbd.
Last year demand was 88.9 mbd.