A oily mess by anyones standards

The latest monthly report from the Organisation of Petroleum Exporting Countries forecasts 2012 demand as 88.9m barrels per day (bpd), up slightly on a previous estimate of 88.87m bpd.

Iranian sanctions and Nigerian turmoil could further disrupt oil markets. Credit: www.dragonoil.com

The latest monthly report from the Organisation of Petroleum Exporting Countries forecasts 2012 demand as 88.9m barrels per day (bpd), up slightly on a previous estimate of 88.87m bpd.