OPEC sees 2020 demand for its crude averaging 29.58 mln bpd, unchanged from previous forecast

Market news

11 December 2019

OPEC sees 2020 demand for its crude averaging 29.58 mln bpd, unchanged from previous forecast

Sees non-OPEC supply rising by 2.17 mln bpd in 2020, unchanged from previous forecast

Leaves forecast for 2020 global Oil demand growth unchanged at 1.08 mln bpd or 1%

Points to 2020 supply deficit of 30,000 bpd if OPEC keeps production at November’s rate, down from 70,000 bpd surplus in previous estimate

Says November oil output fell by 193,000 bpd m-o-m to 29.55 mln bpd as Saudi Arabia cuts supply

Will UK's PM fall at the final hurdle? – TDS

CAD: Carry advantage to prevail - ING

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.