Forecast for Balance of Supply and Demand for 2014
Source: OPEC 8/22/2013, Location: Europe
Demand for OPEC crude in 2014 saw a little change from the previous report to stand at 29.7 mb/d. This represents negative growth of 0.3 mb/d compared with 2013. The second quarter saw an upward revision of 0.1 mb/d from the previous assessment, while the other quarters remained unchanged.
For 2014, the first quarter is estimated flat versus the same quarter last year; the second and third are expected to see negative growth of 0.1 mb/d each. The fourth is forecast to drop by 0.9 mb/d versus the same quarter of this year.
For 2014, the first quarter is estimated flat versus the same quarter last year; the second and third are expected to see negative growth of 0.1 mb/d each. The fourth is forecast to drop by 0.9 mb/d versus the same quarter of this year.
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