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12

OPEC Cut Forecast for Oil Demand

Opec has cut its forecast for oil demand in 2007 by 120,000 bpd to 30.28m bpd, according to its April monthly market report

Opec has cut its forecast for oil demand in 2007 by 120,000 bpd to 30.28m bpd, according to its April monthly market report, cited by Reuters.

The group has dismissed calls for its members to pump more crude, saying there were ample crude supplies on the market.