• OPEC: Expects higher oil consumption in coming months which will help ease supply overhang

Noticias del mercado

10 agosto 2016

OPEC: Expects higher oil consumption in coming months which will help ease supply overhang

  • 2017 OPEC demand forecast at 33.01mbpd vs 32.98mbpd prior

  • 2017 world oil demand growth forecast unchanged at 1.17mbpd

  • Expects 2017 non-OPEC supply to fall by 150kbpd vs 110k prior

  • Expects higher oil consumption in coming months which will help ease supply overhang and will contribute to expected rebalancing of market

  • Report implies that global oil market will see 100kbpd average surplus in 201, compared to small deficit in prior report

  • Secondary sources says OPEC output rose to 33.11mbpd

  • Saudi's say they raised output to record 10.67mbpd in July

*via forexlive
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