OPEC Sees Oil Demand Soaring In 2018

True to its perpetually optimistic form, OPEC, which only last
week for the first time conceded the threat posed by rising US
shale production… (Click to enlarge)… sharply raised its demand
forecast for cartel oil in 2018, ahead of a key meeting of the
group’s ministers later this month. According to OPEC’s monthly
market report, the oil exporters said the forecast demand for its
oil next year had been increased by around 400,000 barrels a day
from the previous month to 33.4mmbpd, about 0.46mmbpd higher than
in 2017. Overall,…

True to its perpetually optimistic form, OPEC, which only last
week for the first time conceded the threat posed by rising US
shale production… (Click to enlarge)… sharply raised its demand
forecast for cartel oil in 2018, ahead of a key meeting of the
group’s ministers later this month. According to OPEC’s monthly
market report, the oil exporters said the forecast demand for its
oil next year had been increased by around 400,000 barrels a day
from the previous month to 33.4mmbpd, about 0.46mmbpd higher than
in 2017. Overall,…