OPEC Sees U.S. Shale Boom Eroding Demand for Its Crude in 2014

OPEC Sees U.S. Shale Boom Eroding Demand for Its Crude in 2014

Daniel Acker/Bloomberg

Demand for OPEC’s crude will slip by 300,000 barrels a day next year to 29.6 million a day next year, or about 2.6 percent less than the 12-member group is pumping now, the organization said in its first set of forecasts for 2014.