Balance of Supply and Demand in 2018 - November 2017
Source: OPEC 11/14/2017, Location: Europe
Financials and Investment
OPEC crude for 2018 was also revised up by 0.4 mb/d from the previous report to stand at 33.4 mb/d,
around 0.5 mb/d higher than the 2017 level.
All the quarters were revised up by nearly 0.4 mb/d versus last month.
As a result, compared to the same quarter this year, the first quarter of 2018 is projected to increase by
0.7 mb/d, while the second and the third quarters are expected to increase by 0.2 mb/d and 0.3 mb/d,
respectively. The fourth quarter is projected to grow by 0.6 mb/d compared to the same quarter of 2017.