Forecast for 2016 Balance of Supply and Demand - September 2015
Source: OPEC 10/1/2015, Location: Europe
Demand for OPEC crude in 2016 saw an upward revision of 0.2 mb/d from the previous month. The first and the second quarters were revised up by 0.2 mb/d and 0.3 mb/d, respectively, while the third and the fourth quarters were revised up by 0.1 mb/d and 0.2 mb/d, respectively. Demand for OPEC crude for next year is projected to increase by 1.0 mb/d to average 30.3 mb/d. The first and second quarters are expected to increase by 1.6 mb/d and 1.4 mb/d, respectively, while the third and the fourth quarters are projected to increase by 0.7 mb/d and 0.2 mb/d, respectively.
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