OPEC: Confirms 2012, 2013 global oil demand fcasts at +0.8 mbd

Market news

9 November 2012

OPEC: Confirms 2012, 2013 global oil demand fcasts at +0.8 mbd

--Downside risks to oil demnd outlk from econ uncertainty

--Confirms 2012 demand forecast for opec crude at 30.1 mbd

--Cuts 2013 demand fcast for OPEC crude 0.1 mbd to 29.7mbd

--Cuts 2012 non-opec supply to +0.5 mbd;2013 unch +0.9 mbd

--Sources see Oct OPEC crude -67 kbd m/m to 30.95 mbd

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