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Top News

OPEC trims 2012 oil demand forecast

Published Updated

opecVIENNA: The OPEC oil cartel on Friday trimmed its 2012 global oil demand growth forecast for the second time in two months because of worries about developed countries' economies and higher crude prices.

The Organization of Petroleum Exporting Countries now expects daily demand this year of 88.63 million barrels per day, down from its forecast a month ago of 88.76 million bpd, it said in its March monthly report.

Copyright AFP (Agence France-Presse), 2012

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