OPEC forecasts 2021 global oil demand up 5.9 mbpd versus 6.25 mbpd in prior monthly forecast
Forecasts 2020 global oil demand down 9.77 mbpd versus 9.75 mbpd in prior monthly forecast
Lower 2021 oil demand view reflects uncertainty around COVID-19 impact on OECD-transport fuel use in H1 2021 and forecast of mild winter
Recent vaccine news is upside risk
Says OPEC's oil output rose 710,000 bpd in November to 25.11 million bpd, driven by Libya recovery