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OPEC Outlook Could Boost Oil Stocks

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Brian O’Connell, Special To Hart Energy
September 24, 2012

The recently released 2013 global oil outlook from OPEC might just be manna from heaven for oil and gas investors, as increased worldwide demand is on the docket for oil and presumably higher share prices for energy stocks.

The Organization of the Petroleum Exporting Countries, in its monthly report about global oil markets, forecasts that demand should rise by 900,000 barrels daily this year and by 800,000 per day in 2013.

Most industry onlookers took the report as bullish news for oil stocks, and note that share prices should start ...


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