OPEC lifts world oil demand forecasts

The Organisation of Petroleum Exporting Countries (OPEC) revises upward on Thursday its world oil demand growth estimates for both 2010 and 2011 amid cautious optimism about the global economic outlook.
OPEC said it was pencilling in world oil demand growth of 1.32 million barrels per day (bpd) or 1.6 per cent to 85.78 million bpd for the whole of 2010, compared with 1.3 per cent previously.
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Source: The Sydney Morning Herald