Forecast for 2017 Balance of Supply and Demand - September 2016
Source: OPEC 9/14/2016, Location: Europe
Demand for OPEC crude for 2017 was revised down by 0.5 mb/d from the August
MOMR, representing an increase of 0.8 mb/d over 2016, to average 32.5 mb/d. Within
the quarters, all the quarters were revised down by about 0.5 mb/d. 1Q16 and 2Q16
are expected to increase by 1.2 mb/d and 0.3 mb/d, respectively, while 3Q16 and 4Q16
are projected to increase by 1.1 mb/d and 0.6 mb/d, respectively, versus the same
quarters this year.
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