Forecast for 2016 Balance of Supply and Demand - November 2015

Source: OPEC 12/2/2015, Location: Europe

Demand for OPEC crude in 2016 remained unchanged from the previous month. All the quarters also remained unchanged from the previous report. Demand for OPEC crude next year is projected to increase by 1.2 mb/d, to average 30.8 mb/d. The first and the second quarters are expected to increase by 2.0 mb/d and 1.6 mb/d, respectively, while the third and the fourth quarters are projected to increase by 1.0 mb/d and 0.3 mb/d, respectively.

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