Global Oil Demand is growing Dunmore &Lewis 12 (Charlie, EU correspondent at Thomson Reuters, Barbara, Deputy Energy Editor, Reuters, OPEC Sees Steady Growth in Oil Demand, (Reuters) - OPEC expects global oil demand to show steady growth, particularly from big developing countries, despite the economic slowdown, a joint statement from the oil producers' group and the European Union said on Thursday."It was shown that oil demand in the world is set to witness steady growth, driven mainly by contributions from major developing countries, although policies aimed at alternative fuels, efficiency and higher statement added that in OPEC's view, "(on) the supply side, the taxes are viewed as a significant demand risk."The physical market continues to be supported by adequate growth in major producing regions, as well as appropriate stock levels. Additionally, OPEC spare capacity remains effective in lessening market pressures."
Global Oil Demand is growing Dunmore &Lewis 12 (Charlie, EU correspondent at Thomson Reuters, Barbara, Deputy Energy Editor, Reuters, OPEC Sees Steady Growth in Oil Demand, (Reuters) - OPEC expects global oil demand to show steady growth, particularly from big developing countries, despite the economic slowdown, a joint statement from the oil producers' group and the European Union said on Thursday."It was shown that oil demand in the world is set to witness steady growth, driven mainly by contributions from major developing countries, although policies aimed at alternative fuels, efficiency and higher taxes are viewed as a significant demand risk."The statement added that in OPEC's view, "(on) the supply side, the physical market continues to be supported by adequate growth in major producing regions, as well as appropriate stock levels. Additionally, OPEC spare capacity remains effective in lessening market pressures."
GDI_12___Oil_Link_Core.docx