Forecast for 2017 Balance of Supply and Demand - January 2017
Source: OPEC 1/30/2017, Location: Europe
For 2017, demand for OPEC crude is projected to increase by 0.9 mb/d to average 32.1 mb/d. The first and the second quarters are expected to increase by 1.6 mb/d and 0.4 mb/d, respectively, while the third and the fourth quarters are projected to increase by 0.7 mb/d and 0.9 mb/d, respectively, versus the same quarters this year.
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