Quote of the day
"The economic outlook is brightening for the US,
the world's top oil consumer, and demand in China, the
second-largest, is picking up. Following six consecutive
monthly downward revisions, world oil demand has shown
signs of recovery in the last couple of months. The
slightly higher figures indicate that we were right to
refute last month's presumption of 'demand
destruction'."
(OPEC's report said on Wednesday expecting the
world economy to expand by 4.1% in 2006, up from 4%
forecast in October. ).
See more industry/OPEC viewpoints at http://www.platts.com/Oil/Resources/Quote%20of%20the%20Day/
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