Commodity Trade Mantra

Posts Tagged ‘Oil Reports’

OPEC Lowers Global Oil Demand Growth Expectations In 2016

OPEC provides this first serving, as they have released the third and final installment of key monthly oil reports after last week’s releases from the EIA and IEA. The cartel has upped its expectation for oil demand growth this year by 84,000 barrels per day to 1.46 mn bpd, but revised its forecast lower for next year by 50,000 bpd to 1.29 mn bpd.

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