Jan 09 2013
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UAE OPEC Governor: Little Room For Large Increase In Energy Demand In 2013
Wednesday, Jan 09, 2013
By Summer Said
ABU DHABI--Moderate and slow recovery of the global economy will only allow for a modest increase in energy demand this year, the United Arab Emirates' governor for the Organization of the Petroleum Exporting Countries said Wednesday.
"This modest economic growth will continue and will provide a little room for large increase in demand for energy. This year, the global oil market is expected to grow by just 800,000 barrels per day," Ali Obaid al-Yabhouni said in a speech in Abu Dhabi.
"The global demand is expected to grow by just 900,000 barrels per day....mainly from non-OECD countries," he said.
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