The
oil
producer
group
cited
“some
signs
of
recovery
in
the
global
economy
and
colder
weather
at
the
start
of
the
year”
for
the
increase
to
an
average
total
of
89.7
million
barrels
per
day.
OPEC
said
that
the
bulk
of
the
increase
would
come
from
China,
which
is
expected
to
see
400,000-barrel
demand
growth
this
year.
It
is
expecting
non-OECD
countries
aside
from
China
to
add
700,000
barrels
and
for
the
OECD
to
shrink
by
300,000
barrels.
OPEC
also
revised
its
demand
growth
forecast
for
2012
to
800,000
barrels
per
day,
adding
45,000
barrels
to
reflect
higher-than-expected
data.
The
producing
group…
