IEA maintains 2019 global oil demand growth forecast of 1.4mln bpd vs 1.3mln bpd in 2018

Market news

13 February 2019

IEA maintains 2019 global oil demand growth forecast of 1.4mln bpd vs 1.3mln bpd in 2018

raises non-OPEC oil supply growth forecast for 2019 to 1.8 mln bpd, from prior forecast of 1.6 mln bpd
OECD commercial oil inventories fell 5.6 mln bbls to 2.858 bln bbls in December from November
cuts forecast for demand for OPEC crude to 30.7 mln bpd in 2019 from 31.6 mln bpd
US sanctions on Venezuela may create problems for crude quality, not quantity
oil market ‘still working off the surpluses built up in H2 2018
Iran crude production fell to 2.72 mln bpd in January from 2.8 mln bpd in December

United Kingdom: HICP, m/m, January -0.8% (forecast -0.7%)

China President to meet top US delegation on Friday in pursuit of trade war deal - sources say

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