Slightly lower forecast for world oil demand growth down to 780k bpd from 790k from last months report.
Sees stronger demand in H2 2013 due to economic recovery H2 demand seen at 900k bpd vs 700k in H1
Also slightly lowers it’s own output figures to 29.82m bpd vs 29.84m bpd in 2013
Brent comes off $1 on the back of the rising supply forecasts. Last at $102.97.