Some charts from OPEC’s monthly Oil Market Report…

July 16, 2018 by Jim Colburn Leave a Comment

The link to OPEC’s monthly report is here….

A large increase in Saudi production was offset some by Libya… Venezuela continues to decline…

Market consensus is that Russia could increase oil production by around 300,000 b/d… Here is Russia’s total liquids production with some history:

The supply/demand balance shows the call on OPEC crude (Difference (a-b)):

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