OPEC’s Monthly Oil Market Report is out…

November 13, 2017 by Jim Colburn Leave a Comment

OPEC’s Monthly Oil Market Report is out:

”World oil demand growth is expected to rise by 1.53 mb/d in 2017 after an upward adjustment of 74 tb/d to account for the better-than-expected performance of China in 3Q17. In 2018, world oil demand is foreseen reaching 1.51 mb/d, around 130 tb/d higher than in the previous assessment.”

And here is their supply/demand balance (note current OPEC production vs the “Difference” category):

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