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OPEC insignificantly increased forecast of world demand in oil in 2013

opecThe Organization of Petroleum Exporting Countries (OPEC) has increased the forecast of world demand in oil in 2013 by 34,000 barrels a day up to 89.78 million barrels a day.
OPEC reported that in 2014 the forecast will be 90.78 million barrels a day (up 1.2% against this year).
In 2013 OPEC’s demand in oil expected to be 29.9 million barrels a day, down 500,000 barrels a day against 2012. In 2014 OPEC expects to have demand in oil at 29.6 million barrels a day.
The forecast of oil production in the non OPEC-members was increased by 35,000 barrels a day up to 54.1 million barrels a day, which envisages growth by 1.18 million barrels a day against 2012. In 2014 oil production outside of the cartel is expected to grow by additional 1.2 million barrels a day up to 55.3 million barrels a day.
In October the OPEC member-states extracted in average 29.89 million barrels a day, which is equal to September’s level. The production growth was registered in Iraq and Libya, which compensated the decline in Saudi Arabia