U.S. may cut oil demand view, stoking OPEC argument - Reuters

WASHINGTON (Reuters) - High fuel prices and weak U.S. economic numbers could prompt the U.S. government's energy forecasting agency to cut its global oil demand estimate for the second month running, a move that may stoke already contentious debate within OPEC over raising oil output.

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While the U.S. Energy Information Administration's monthly energy outlook on Tuesday is unlikely to sway the outcome of Wednesday's OPEC meeting, it will be the most up-to-date set of supply and demand data that ministers will consider. While the U.S. Energy Information Administration's monthly energy outlook on Tuesday is unlikely to sway the outcome of Wednesday's OPEC meeting, it will be the most up-to-date set of supply and demand data that ministers will consider. "I would look for another small to moderate trimming in global oil demand expectations in the neighborhood of 100,000 barrels per day," Guy Caruso, former head of the EIA and current energy analyst at the Center for Strategic and International Studies, said about the EIA's forecast.

U.S. may cut oil demand view, stoking OPEC argument - Reuters