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OPEC raises global oil demand outlook for 2018

May 14, 14:08 UTC+3

The global oil demand outlook for 2018 has been increased by 150,000 barrels daily to 98.85 mln barrels per day

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MOSCOW, May 14. /TASS/. The Organization of Petroleum Exporting Countries (OPEC) has raised the global oil demand estimate by 25,000 barrels per day for 2018 and expects this figure will be 1.65 mln barrels a day higher than in 2017, the OPEC said in its report on Monday.

The global oil demand outlook for 2018 has been increased by 150,000 barrels daily to 98.85 mln barrels per day.

Growth of non-OPEC countries offer is estimated to be 1.72 mln barrels per day in 2018, the OPEC reports.

Brent oil futures with delivery in July 2018 slightly grew to $77.13 a barrel after the report release.

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