GLOBAL DEMAND GROWING FASTER
AOG. Opec has announced that global demand for oil & gas is growing faster than analysts had previously thought. The organisation raised its predictions for oil consumption in 2014 for a second straight month.
Opec's view on global oil consumption puts it as odds with the U.S. government's Energy Information Administration, which on Tuesday cut its forecast.
In a monthly report, Opec said global demand will rise by 1.14 million barrels per day (bpd) this year, up 50,000 bpd from its previous forecast. It also raised the 2014…
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