VIENNA, Nov. 9 (UPI) -- The Organization of Petroleum Exporting Countries said oil demand would increase in the medium term, but much depended on fragile European and U.S. economies.
In OPEC's annual World Oil Outlook, the oil cartel increased its projection on oil demand by 1.9 million barrels per day over last year's projection to 92.9 million barrels per day by 2015.