OPEC Monthly Oil Market Report: 2018 global oil demand expected at 98.51mbd

Below are some of the key highlights from the latest OPEC Monthly Oil Market Report (MOMR), released this Thursday.

   •  OPEC crude oil production +42tbd in Dec - Secondary Sources
   •  Saudi Arabia crude oil production -11tbd in Dec
   •  Global oil supply +0.4mbd in Dec
   •  Global oil demand in 2017 revised +40tbd 
   •  2018 World oil demand expected at 98.51mbd
   •  Bulk of growth from non-OECD with 1.24mbd of potenial growth
   •  2018, non-OPEC oil supply revised +0.16mbd, driven by higher growth expectations from US and Canada