Based on the initial forecasts for world oil demand, non-OPEC oil supply, and OPEC NGLs in 2014, demand for OPEC crude is projected to decline by 0.3 mb/d to average 29.6 mb/d. The first quarter is expected to increase by 0.1 mb/d, while the following quarters are projected to decline, with the bulk of the decrease expected in the fourth quarter, which is forecast to decline by 0.8 mb/d.