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Modern Armenia » OPEC keeps global oil demand growth estimates for 2014 unchanged


  •    OPEC keeps tellurian oil direct expansion estimates for 2014 unchanged   

    PanARMENIAN.Net – The Organization of Petroleum Exporting Countries kept estimates for tellurian oil direct enlargement in 2014 unvaried amid a fast opinion for a universe economy, according to Bloomberg.

    World oil expenditure will boost by 1 million barrels a day, or 1.2 percent, subsequent year to about 90.8 million a day, a group’s Vienna-based secretariat pronounced in a monthly marketplace report.

    Increasing outlay from countries outward OPEC means direct for a organization’s wanton will slip to 29.7 million barrels a day, or about 600,000 a day reduction than a 12 members pumped final month, a news showed.

    Brent wanton futures have gained about 2.8 percent in a past 3 months, trade nearby $107 a tub in London, amid signs a slack in China’s enlargement has stabilized, U.S. stagnation retreating and a retrogression in European economies is easing. OPEC concluded to tie correspondence with a central prolongation aim of 30

    Article source: http://www.panarmenian.net/eng/news/167883/

    Tags: armenian economy

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