OPEC says global oil demand to rise 1.51 million bpd next year (prev forecast 1.38 million bpd) - Monthly report

Market news

13 November 2017

OPEC says global oil demand to rise 1.51 million bpd next year (prev forecast 1.38 million bpd) - Monthly report

Trims 2018 non-OPEC oil supply growth forecast to 870,000 bpd (prev 940,000 bpd)
OECD oil inventories fell by 23.6 million barrels in sept to 2.985 bln barrels, 154 mln barrels above 5-year average
Size of oil supply overhang has fallen considerably since start of year

UK PM's spokesman, when asked about EU’s demand for more clarity on Brexit financial settlement in two weeks, says we are working towards EU summit in december

OPEC sees 2018 demand for its crude averaging 33.42 million bpd, up 360,000 bpd from previous forecast

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