Estimate for 2015 Balance of Supply and Demand - June 2016

Source: opec 6/28/2016, Location: Europe

Demand for OPEC crude for 2015 remained unchanged from the previous month to stand at 29.7 mb/d, representing a decline of 0.1 mb/d from the 2014 level. All quarters remained unchanged. 1Q15 fell by 0.8 mb/d, while 2Q15 and 3Q15 remained flat versus the same quarters last year. 4Q15 rose by 0.4 mb/d y-o-y.

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