OPEC: World will need less oil in 2013 than last year


It hasn't been the best start to the summer in these United States. We've seen the untimely deaths of several celebrities. The political scene seems to average an embarrassing confession per week. And the weather has been too rainy in the East and too hot in the West.

Well, on Wednesday there was some good news. And look -- it's coming from the least likely of all sources: OPEC.

OPEC, producer of about 40 percent of the world's oil, now expects global demand in 2013 to be less than last year's level, the cartel announced Wednesday in its World Oil Outlook.