OPEC revises 2018 global oil demand growth forecast up by 30,000 bpd to 1.63 mln bpd

Market news

12 April 2018

OPEC revises 2018 global oil demand growth forecast up by 30,000 bpd to 1.63 mln bpd

2018 non-OPEC supply growth forecast up by 80,000 bpd to 1.71 million bpd, due to higher 1q18 output in FSU, U.S.
Keeps 2018 demand for its crude unchanged at 32.6 million bpd, 300,000 bpd below 2017 demand estimate

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