LONDON: World oil demand growth will slow in 2013 from the already weak 2012, OPEC said on Wednesday, citing Europe's debt worries, a faltering U.S. economic recovery and deceleration of growth in emerging markets.
The Organisation of the Petroleum Exporting Countries (OPEC), which produces a third of global oil, said daily average demand for its crude in 2013 would stay below its current production levels as additional barrels coming out of non-OPEC producers will be enough to compensate for modest demand growth.
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