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Selected charts from OPEC’s Monthly Oil Report…

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February 12, 2019 by Jim Colburn Leave a Comment

OPEC’s excellent Monthly Oil Report is out, here…

First, note that demand growth is expected +1.24 mbd, down .05 from last month…

Non-OPEC supply growth:

OPEC is making good on pledges to cut:

Despite the revisions of world GDP growth, OPEC is still looking for +1.24 mbd growth in demand…  The call on OPEC oil production is 30.6 for 2019, -1.0 from 2018 which was -1.3 from 2017…

 

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