OPEC upgrades global crude demand outlook to 95.81mln
MOSCOW, Feb 13 (PRIME) -- The Organization of Petroleum Exporting Countries (OPEC) has upgraded global oil demand outlook for 2017 by 0.22 million barrels per day, to 95.81 million barrels per day compared with a January outlook, the organization said in its February Oil Market report on Monday.
The international oil demand growth was upgraded by 35 barrels per day to 1.19 million barrels per day due to a colder than expected weather and good car sales data in the Organization for Economic Co-operation and Development states.
The organization also revised Russia’s 2017 economic growth estimate up to 1.0%.
For further details, see the company’s statement on the official Web site:
http://www.opec.org/opec_web/static_files_project/media/downloads/publications/MOMR%20February%202017.pdf
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