Asia-Pacific economies took on more crude oil from OPEC in 2013 than any other region in the world, the organization said in an annual report published Friday. The Organization of Petroleum Exporting Countries said Asia-Pacific economies imported an average 14.3 million barrels of OPEC crude oil per day in 2013, or 59.3 percent of the oil exported by member states. Asian economies are growing at a faster rate than other major markets. OPEC said in its 97-page annual report oil demand rose most notably in China, Thailand and Indonesia. Europe, which is still struggling to emerge from recession, took an average 4.1 million bpd of OPEC crude last year, or 17.2 percent of its output, while North American imported an average 3.9 million bpd, or 16.3 percent of OPEC’s crude. Oil production from North America, the United States in particular, has increased to the point that markets there are […]