According to Global Investment House report, the international refined oil demand is recovering slowly and in high price, influenced by the situation of Iran, European debt crisis eased, and better employment prospects of American. The report also said that the global oil demand has increased 0.95%, 8,770 million every day.

 

Saudi cabinet said that they will keep the oil supply, stabilize the refined market, and make the oil price back to the proper price for both producing and consumable countries. The refined production of OPEC reaches 2,830 million everyday in February.