Forecast for 2017 Balance of Supply and Demand - November 2016
Source: OPEC 11/13/2016, Location: Europe
For 2017, demand for OPEC crude was also revised up by 0.1 mb/d from the previous report and projected to increase by 0.8 mb/d to average 32.7 mb/d. Within the quarters, all the quarters were revised up by 0.1 mb/d. The first and second quarters are expected to increase by 1.3 mb/d and 0.3 mb/d, respectively, while the third and the fourth quarters are projected to increase by 0.8 mb/d and 0.7 mb/d, respectively,versus the same quarters this year.
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