CRUDE OIL DEMAND PICKING UP ON CHINA AND U.S. GROWTH – UMESH SHANMUGAM
Global oil demand this year is expected to accelerate at nearly double 2012’s pace as stronger economies in China, Latin America and the U.S. offset sluggishness in Europe, according to the Economist Intelligence Unit. Consumption worldwide will average nearly 91 million barrels a day in 2013, up 1.5% from about 89.7 million barrels a day …