OPEC raised its forecast on the demand for its oil in 2014 to 29.8 million barrels per day (bpd), 110,000 bpd higher than its previous projection, the Vienna-based cartel said Tuesday.
In its latest monthly report, the Organization of the Petroleum Exporting Countries (OPEC) said its oil output in April rose by 131,000 bpd to 29.59 million bpd, largely due to higher supply by Iraq and Saudi Arabia.
Owing to the decrease of the non-OPEC crude output in April, the share of OPEC oil in total global production increased slightly to 32.6 percent compared to the previous month.
China‘s natural gas demand slows oil consumption
2014-01-16Chinese oil demand on track to improve: Barclays
2013-07-16Oil demand at lowest level since Oct
2013-04-26Demand for oil to rise 4.8 pct
2013-01-31Oil prices rise on Ukraine worries
2014-05-13Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.