OPEC hints 2013 global oil demand downward adjustment

VIENNA, March 12 (Xinhua) -- Global oil demand growth forecast in 2013 could be revised downward, the Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday, regarding economic uncertainty in the eurozone and the United States.

"There are a number of downward risks to this growth ... The euro's instability could lead to even deeper recession in some Mediterranean countries," The Vienna based oil producer group expected in its monthly report, saying there are many downward risks to the consumption growth including the potential impact of a full budget cut in the United States.

The OPEC's oil weekly basket price has continued to declined for three weeks and record the lowest rate in the past 10 weeks.

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