OPEC Sees Higher Oil Demand, Signs Of Tighter Market

OPEC Sees Higher Oil Demand, Signs Of Tighter Market
OPEC forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market.

OPEC estimated supply from non-OPEC countries next year would rise by 1 million bpd, down 100,000 bpd from the previous forecast, citing downward revisions to Russia and Kazakhstan.

Should OPEC keep pumping at August's rate, the market would see a small supply deficit next year, versus a 450,000-bpd surplus implied by last month's report.

(Editing by Dale Hudson and Jason Neely)


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Thaddy  |  September 16, 2017
Believe that in New Zealand we are seriously over charged for petrol


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