Energy Prospectus

Based on the forecast released in the July OMR, OPEC believes that world oil demand will outpace projected non-OPEC supply and OPEC NGLs, resulting in higher demand for OPEC’s crude oil in 2016. OPEC expects demand for its own crude to increase to 30.10 MMBOPD, up 0.90 MMBOPD from 2015. “This would imply an improvement towards a more balanced market,” the OPEC report read.

http://www.oilandgas360.com/opec-raises ... 7-26401157