Forecasters offer differing outlooks for 2018…Platts

December 18, 2017 by Jim Colburn Leave a Comment

Here is Platt’s comparing the big 3 monthly oil reports from OPEC, the International Energy Agency and the Energy Information Agency (of the US Department of Energy:

”Below are key forecasts for the global oil market from the IEA, EIA and OPEC. The figures are taken from the IEA’s Oil Market Report, the EIA’s Short-Term Energy Outlook and OPEC’s Monthly Oil Market Report, all released earlier this month.

Note the difference in non-OPEC supply expected next year… OPEC sees a gain of almost 1 mbd while the IEA and EIA are at +1.6 and +1.7… This, of course, leads to a divergent view on “Call on OPEC + stock forecast 2018” among the three… Here is the link: https://www.platts.com/latest-news/oil/london/factbox-forecasters-offer-differing-oil-outlooks-26858432

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