World oil demand is set to grow 800K barrels/day in 2013, says OPEC in its March monthly report....

|By:, SA News Editor

World oil demand is set to grow 800K barrels/day in 2013, says OPEC in its March monthly report. That's unchanged from a previous forecast and the same as 2012. Supplies, however, are on the rise thanks to shale oil, says Compass Global's Andrew Su, cutting his forecast for WTI crude (USO) to $75/barrel.