crude oil demand forecast unchanged for 2013
Last Updated : GMT 00:48:06
Arab Today, arab today
Arab Today, arab today

Crude oil demand forecast unchanged for 2013

Arab Today, arab today

Arab Today, arab today Crude oil demand forecast unchanged for 2013

Paris - KUNA

Forecasts for oil demand growth in 2013 showed no change in March compared with February, with average daily demand expected to increase by 795,000 barrels to 90.6 mb/d, practically unchanged from estimates a month ago, the International Energy Agency (IEA) said Thursday. In its latest monthly \"Oil Market Report (OMR)\", the agency said that oil prices had declined in March \"under the weight of renewed pessimism for the global economic outlook.\" On publication, Brent Blend was trading at USD 106 per barrel and WTI was changing hands at around USD 94 per barrel. Demand was reported to be weaker, overall, and also refinery maintenance cut back on supply needs during the extensive seasonal repair period, the report said. The OMR also noted that there is a projected 480,000 b/d contraction in demand in the industrialized OECD area this year, and this contraction will be most felt in economically-troubled Europe, where a fall-off of 340,000 b/d in demand is expected. This will partially offset growth of over 1.2 mb/d elsewhere in the world. Separately, the IEA said that global oil supply fell by 120,000 b/d in March due to lower OPEC output, which fell by 140,000 b/d to 30.44 mb/d last month. Non-OPEC supply is pitched at about 54 mb/d and this should rise to 54.4 mb/d as Sudanese crude comes on line, the OMR remarked. That level, if it is attained, would be up by 1.1 mb/d from 2012 output. The report said that the oil market seemed to be getting \"more comfortable\" and easing prices reflected this, but it still warned that experience shows that \"bear market\" conditions can sometimes be \"short-lived.\" OECD industry stocks declined at end-February by 32.9 million barrels and now stand at 2.664 billion barrels and are still above five-year average levels and have been this way for six months.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

crude oil demand forecast unchanged for 2013 crude oil demand forecast unchanged for 2013

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

crude oil demand forecast unchanged for 2013 crude oil demand forecast unchanged for 2013

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday