With OPEC now forecasting global demand for its crude of 29.20 million bpd - 160,000 bpd less Movement.down.loss than previously thought - the report indicates supply will exceed demand by 1.15 million bpd next year should OPEC keep pumping at August 's rate .

Investing.com - Oil prices fell Movement.down.loss on Wednesday after the International Monetary Fund cut Cause.movement.down.loss its global growth forecast for 2013 , which spooked investors with fears that a slower Slow.weak global economy will demand less Movement.down.loss fuels and energy than once anticipated .

`` Everything in Russia confirms that it will export lots more Movement.up.gain ultra-low sulphur diesel and lots less Movement.down.loss straight-run fuel oil and VGO . ''