(MENAFN- Qatar News Agency) With world oil demand growing, the Organization of Petroleum Exporting Countries said Wednesday most producers were firing on all cylinders.
OPEC said in its monthly market report for March it revised its world oil demand growth for 2013 up by 70,000 barrels per day to 1.05 million barrels per da
"For 2014, global oil demand is seen rising by 1.14 million bpd, following an upward revision of 50,000 bpd," the March report sai
OPEC said there's a general "assumption" the global economy will recover gradually in 2014, despite some disappointing data from the United States and Chin
While ongoing turmoil in Ukraine adds risk to the health of the global economy, the group said the European community as a whole should experience economic growth this yea
Demand for OPEC crude oil remained relatively steady, though OPEC expected demand to decline through 2014 by 300,000 bp
Given the increase in global demand, production from the 12 member states, however, averaged 30.1 million bpd last month, up 259,000 bpd from Januar
OPEC said oil supply from producers outside the group should increase by 1.3 million bpd in 2014, driven largely by North America
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