The Organization of Petroleum Exporting Countries (OPEC) has marginally revised up the demand forecast for crude oil in 2013 to 89.68 million barrels per day from 89.55 mbd estimated a month ago.
Estimated oil demand for 2012 is also revised up to 88.84 mbd from 88.80 mbd estimated in January by the organisation which accounts for about 35.0 percent of global oil supplies.
During Apr-Dec 2012, growth of demand was crimped by concerns about the macroeconomy and by weaker growth of activity in China than expected, OPEC said in its monthly report.
The report said the trend reversed in the last quarter of 2012, mainly in big emerging economies, in China, Brazil and India, but also in Japan.
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