OPEC: U.S. economy slowing down, China taking on more crude oil

OPEC: U.S. economy slowing down, China taking on more crude oil
Vienna (UPI) May 13, 2013 - Though the European economy is showing signs of recovery, OPEC said Tuesday much of the growth in oil demand is coming from the Middle East and China. The Organization of Petroleum Exporting Countries said in its monthly market report for May global oil demand is expected to increase by 1.14 million barrels per day to 91.15 bpd this year. "Almost half of annual oil demand growth ... morehttp://www.energy-daily.com/reports/OPEC_US_economy_slowing_down_China_taking_on_more_crude_oil_999.html