Latest report form OPEC

  • Global oil demand to rise to 1.53mbpd in 2018 vs 1.51mbpd prior
  • OPEC Crude Oil Production +42tbd In Dec – Secondary Sources
  • Saudi Arabia Crude Oil Production -11tbd In Dec
  • Global Oil Supply +0.4mbd In Dec
  • Global Oil Demand In 2017 Revised +40 Tbd
  • 2018 World Oil Demand Expected At 98.51 Mb/D
  • Bulk Of Growth From Non-OECD With 1.24 Mb/D Of Potential Growth
  • 2018, Non-OPEC Oil Supply Revised +0.16mbd, Driven By Higher Growth Expectations From US And Canada

Ryan Littlestone
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