FT Energy News 5th November

Opec optimistic on recovery as oil demand beats forecasts (Page 10)

Opec has delivered on optimistic assessment of the state of the world economy, finding that oil demand has grown by 1m barrels per day in 2010, more than double the forecast level. Opec notes that US interest rate differentials suggest credit risk levels are perceived to have returned to normal, while Germany’s “success in exports” has aided the “growth momentum” of economies in the EU.

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