The organisation forecasts demand for its oil will average 29.61million barrels per day in 2014, down 250,000 barrels per day from demand thisyear.
The forecasted demand is 770,000 barrels less than the12-member group’s estimated output last month of 30.38 million bpd.
World oil use generally will expand by 1.04 million barrelsper day next year, the strongest annual growth since 2010, to total 90.7million
