VIENNA, June 12 (UPI) –The Organization of Petroleum Exporting Countries said Thursday it expects the global economy in 2014 will need less of its crude oil than it did last year. PEC in its June market report said it expected the global economy would need 29.7 million barrels of its crude oil per day in 2014. That’s a decline of 400,000 bpd from the previous year.
Click here to view full article at www.upi.com