Forecast for 2016 Balance of Supply and Demand - July 2016
Source: OPEC 7/13/2016, Location: Europe
Demand for OPEC crude in 2016 is expected to be 31.9 mb/d, representing an
increase of 1.9 mb/d from last year’s level. Compared to the same quarters last year,
the 1Q16 is estimated to increase by 0.9 mb/d, while both the 2Q16 and 3Q16 are
expected to increase by 2.3 mb/d, and the 4Q16 is anticipated to see growth of
2.1 mb/d.
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